[djf]

Well, lets be honest here.

IF the US had a balanced budget, or better yet, a surplus
AND interest rates were higher
AND the US hadn’t pretty much gutted it’s manufacturing sector
AND the total M3 was heading down

THEN it might be a good investment for foreigners to buy Tbills and bonds.

BUT.....

We have a huge deficit.
Interest rates are near zero.
The job numbers keep getting worse.
Government just keeps spending way more than it takes in, it’s basically manufacturing money.

I’m just calling it like I see it...

[Nervous Tick]

>> IF &etc THEN it might be a good investment for foreigners to buy Tbills and bonds. BUT...

I hear you, FRiend... yet Treasuries, particulary short term treasuries, are oversubscribed.

Why is that?

[USFRIENDINVICTORIA]

You've got it exactly right! That's the message that needs to get out. Pin this where it belongs — on Obama.