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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (117597)	1/24/2009 2:34:31 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 132070

>>I agree that this is one crisis the market would have had a shot to clear. The top banks would just go belly up, which might be a good idea.<< opined the guy who doesn't live on credit. ;-) Knighty, that run to $36 on TBT so I could double down was really sweet. now that geithner and obama think they can shame china into refraining from currency manipulation, perhaps the chinese get offended and start dumping treasuries as they stop buying them. perhaps geithner should stick to cheating on his taxes. -ng- since TBT is playing the short side, is their a maximum value that it can hit? what is you sell target, when T-bill rates are in double digits? i don't think many people understand that the government not only has to fund their trillions in new spending via the debt market, but they also need to borrow another $1-1.5 trillion to replace the notes that come due this year. the government has been betting on low rates, just like all those interest only mortgage holders. i'm looking at SRS if it can swing another 10-15%. you said you didn't like it so much. do you have any alternatives? also, thanks anchoring this board. i find your insight invaluable and appreciate the fact you share it, unlike so many other folks, who typically have little insight. ;-)