Yikes, what does it mean? Is this what the Fed bailout was about today?
The rate on three month Treasury bills went down to 0.02 today, a low not seen since 1941 !....
Many other credit rates are-or used to be linked to 3 month T-Bill rates, but this unhinges a lot of things, including us, and a lot of American workers...
It is serious...Shows the Fed has no control over interest rates on monetary policy with the dollar in the can...that’s like repairing a car with a sledgehammer and a screwdriver...lots of good those tools are...we need a strong spokesman who can inspire confidence...Instead we have three blind mice and a talking horse...