Politics of Energy Message Board

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Politics : Politics of Energy

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To: Brumar89 who wrote (5329)	2/26/2009 7:14:36 AM
From: enginer	Read Replies (2) of 86352

The Bid/Cover ratio remains very positive, but cannot go on forever. see mam.econoday.com and mam.econoday.com When the bid/cover shows rejection of buying new debt from us, the interest rates required to attract new buyers will steadily increase. Then the dollar will really be headed towards the toilet. If we cannot now afford the deficit, how much less at 10 - 12% interest rate to people who know the only source of these ponzi-scheme payments is "printing presses."

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