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To: Haim R. Branisteanu who wrote (132172)10/31/2001 2:36:46 PM
From: Knighty Tin  Read Replies (3) | Respond to of 436258
 
Haim, Actually, the US govt. learned that they should issue 30 year debt at high rates and go short when rates are low. Heaven forbid they ever lock in low rates for the long haul.

To give them credit, borrowing short and spending long is what made the Savings and Loan industry such a roaring success in the late 1970s and early 1980s. I wonder if they will bring back cranky old Bill Seidman to bail out the gov? <G>