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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: GST who wrote (85194)8/16/2007 3:34:47 PM
From: regli  Read Replies (2) | Respond to of 110194
 
This post by Paul seems to fit my scenario from a few days ago quite nicely and obviously supports your statement: "The breakdown of our global leadership is in full swing".

Run on U.S. Treasury Bills Spurred by Subprime Paper Contagion
Message 23798619

Investors are scooping up U.S. Treasury bills like few times in history as an expanding credit crunch makes it hard for companies to roll over short-term debt.

It is getting a lot more difficult to purchase treasuries at decent rates if at all. Where will the FCBs invest to maintain the peg? OR will this force them into a change of policy to let their currencies rise, leading to even greater problems in the financial system?

Message 23790931



To: GST who wrote (85194)8/16/2007 4:05:09 PM
From: benwood  Respond to of 110194
 
I'd say it's more the RESULT of our breakdown in global leadership that is in full swing.