1 posted on
12/03/2008 8:56:29 AM PST by
fiscon1
To: fiscon1
The risk of higher interest rates is very real. Actually, the article might have understated the risks of all the “stimulus” spending. Running up monstrous government debts, and paying them off by printing money, is a recipe for hyperinflation.
To: fiscon1
Treasury Bond is at record levels and only giving an interest rate of 2.67% on the ten year benchmark. Treasury doesn't set the interest rate. They offer bonds at auction, and it's the buyers who set the interest rate by how much they're willing to pay for a bond worth a set amount at maturity.
3 posted on
12/03/2008 9:19:58 AM PST by
Yo-Yo
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson