Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: rich evans who wrote (105094)	11/30/2009 11:42:41 PM
From: John McCarthy	Read Replies (3) of 116555

Rich I ain't qualified to give you a cogent answer. But I don't think we could "print dollars" forever to pay back our debt. The thinking being that as we print and print (all else equal) we are paying back our lenders with debased USA dollars. OTOH Hawk brought up the point today - that in spite of our 2008-2009 massive printing thingie - YIELDS on 10 Yr and 30 Yr treasuries are DOWN - suggesting that IN SPITE OF ALL THE PRINTING - lenders would rather hold USA debt vs some alternative ...... i.e. the YIELDS are down because foreign lenders are "fighting" to buy our treasuries ..... You might want to ask your question to Hawk or Skeeter Bug or one of the other economic literate people your question. regards John

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