I'm no economist, but neither am I a Democrat an interesting gambit |
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Oh my. |
scream-of-consciousness; "If you're trying to change minds and influence people it's probably not a good idea to say that virtually all elected Democrats are liars, but what the hell."
Sunday, September 05, 2010
An interesting gambit
"If the number of Islamic terror attacks continues at the current rate, candlelight vigils will soon be the number-one cause of global warming. " |
This will be the comment box |
5 comments:
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I don't know that that little queer Bruno is going to give them, but I'm giving 'em a 10!
Casca - 9/5/10, 10:29 AM
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"bite the bullet and buy stocks"
bwaaahahahahhhahahahaaa -- when Munis can be had @5.75%, sold at 116% with a 15 year + positive yield curve?!?!?
'Sides, according to Corsi [yeah - I know] you'll be buyin' Treasurys whether ya want 'em or not... - 9/5/10, 11:23 AM
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And of course the banks are presently getting their money from the fed for free, so they would probably be happy at 2% return. That return would probably cover the senior level bonuses if nothing else.
- 9/5/10, 11:30 AM
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The Fed has the power to print money, buy worthless assets with that worthless money and set meaningless interest rates for the banks. But I don't think that they can have that much of an effect on bonds traded on the open market.
I also believe that our debt is financed with much shorter term paper, bonds with an average of less than 5 years. Most foreigners do not trust our health to buy long term paper.
And with respect to munis: when the federal bailouts dry up, more and more state and local entities will start defaulting on their debt. Remember what the federal bankruptcy judges did to the GM bond holders: they move them to the back of the line even though they had a greater claim on the assets than the unions. I would not be surprised if state judges did not put unfunded pension obligations before bong holders.
Laurence - 9/5/10, 5:10 PM
- Rodger the Real King of France said...
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Laurence - I will be shocked if they do not.
- 9/6/10, 8:07 AM