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Message Subject 30 yr T-Bond sale yesterday a bust?
Poster Handle Milky Way Today
Post Content
the way things are going...i`m surprised they sold any at all....
 Quoting: mr...bojangles



Sloppy? Yes, you look at the Tail, and it was long. 2.65times more bidders than the sale. Not a fail, I doubt yu will get any less than 200% more buyers. Tomorrow should be huge, 300% more buyers than seller, me thinks.

See, the government does not create money out of thin air,(as P.Shifter might have you believe), they have to sell Bonds, they create debt. Just like any one that want something and uses their credit card. You borrow it using future income streams.
 
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