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REPORT COPYRIGHT VIOLATION IN REPLY
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Message Subject
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30 yr T-Bond sale yesterday a bust?
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Poster Handle
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Anonymous Coward |
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Post Content
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the way things are going...i`m surprised they sold any at all....
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.
Quoting: Milky Way Today 697815The government does create money out of thin air when they monetize the debt like they are doing right now. They issue bonds out of one window and buy those bonds from the other window. So one of the most important auction statistics is how much of the debt the FED itself bought either directly or through proxies or intermediaries.
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