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Strategies & Market Trends : The coming US dollar crisis

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From: Real Man1/8/2009 2:20:26 PM
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Uh-oh. Coming to USA. US will have to auction that much every
day including weekends this year. Thanks for the Fed. -g-

A German sovereign bond auction failed on Wednesday as
investors shunned one of the most liquid and safe assets in
the world in a warning for governments seeking to raise record
amounts of debt to stimulate slowing economies.

The fate of the first eurozone bond auction of 2009 signals
trouble ahead as governments around the world hope to issue an
estimated $3,000bn in debt this year, three times more than in 2008.

The 10-year bonds failed to attract enough bids to reach the
€6bn the German government wanted. Bids of €5.24bn, a cover of
only 87 per cent, amounted to the second worst auction on
record in terms of demand.

ft.com
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