[poinq]

Does anyone get that the Chinese have a lot of 2yr and 5yr T-bills. If all we sold were 30 year's we could live with a low rate. But the rates can move up fast. And frankly, if the Fed did not jump in, as they have, the rates would be higher.

This guy does not know anything about the bond market. And he has not watched Greece. Their rates were lower and as their debt grew the rates moved up. Then the rollover interest started to snowball and here we are. Disaster.

[YHAOS]

"Does anyone get that the Chinese have a lot of 2yr and 5yr T-bills."

Yes. I think there are a lot of us who get it. That's why there are so many of us who are saying, "Stop It!"