[griswold3]

Meaning that there was only 18% participation of non US entities in the treasury auction. *The usual amount is 26%-30%.

[gpk9]

,i>"Meaning that there was only 18% participation of non US entities in the treasury auction. *The usual amount is 26%-30%."

That would be consistent with what I said earlier about people outside the US becoming more concerned about what is happening with our money supply and it's effect on the value of the dollar.

I would expect to see less and less interest from people outside the US in the weeks ahead.

Some of the folks mentioned earlier, along with others not in that list, are starting to talk about a T-Bill bubble and it's eventual burst.

If such a bubble is developing I suspect it would be caused by the massive flight out of stocks and into what is perceived to be the security of T-bills.

I say "perceived security" because those stampeding into T-bills very likely aren't aware of the ticking time-bomb on the monetary side.