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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: russwinter who wrote (49299)1/9/2006 8:28:10 PM
From: ild  Read Replies (1) of 110194
 
Schwarzenegger just proposed borrowing $68 billion to spend on infrastructure. This is in addition to billions California has to borrow every year to balance the budget. I suspect that other states are doing the same. Companies are issuing tens of billions of bonds to finance stock buybacks. Who lends them all that money and why don't they demand better yields?
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