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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Perspective who wrote (67794)8/9/2006 4:11:08 PM
From: russwinter  Read Replies (3) of 110194
 
One of the primary Old Maid Cards, the 30 year Treasury will be auctioned Thursday, $10 billion worth. Few thinking private investors in their right minds would own this caca, so look for the manila envelopes, high class girls, and/or "geopolitical tensions", to materialize. Central banks ought to take at least 60% of it, and then the Ministry of Truth types can use it as an indicator of successful (and totally bogus) CB inflation fighting prowess and manhood, "look at that 30 year auction, whoppee". Market might also get another mystery bid from strange security purchases spill over "liquidity", as this "wash, rinse, repeat" scam gets perped once again.
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