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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: ChanceIs who wrote (149956)	4/23/2011 9:18:09 AM
From: Tommaso	3 Recommendations Read Replies (2) of 206099

I guess when you say "roll out" you mean what is usually called "rollover." From "Investopedia": What Does Rollover Mean? A rollover is when you do the following: 1. Reinvest funds from a mature security into a new issue of the same or a similar security The question is whether the Chinese, the Japanese, or indeed the American holders of treasuries will accept newly issued paper. PIMCO sold all theirs. Some people are saying the Japanese will want money for rebuilding after the recent disasters, and others are saying that the Chinese are losing confidence in U. S. credit. It used to be that when an auction of treasury paper wasn't going well, the Fed could step in temporarily and shore it up. Now they are already buying 70% of the debt. It really isn't a very big step any more from here to what the Weimar Republic did in the early 1920s, or what South American countries have repeatedly done. Five years ago, I would have said that what I just wrote in the previous sentence was a panicky exaggeration.

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