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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: benwood who wrote (99193)	7/1/2009 2:34:51 PM
From: Think4Yourself	1 Recommendation Respond to of 116555

I don't think the dollar will survive. The people in charge are simply too greedy. Short term Treasury yields going down while long end going up. The USD is still a "safe haven" currency but bond market players are indicating that it won't be for long. I seriously doubt the Treasury will be able to float trillions in just short term borrowings for very long, especially since the economy will still be in trouble when the first round of heavy borrowings come due. Treasuries are going to become hated by professional investors. I expect to see patriotic ads to buy US Savings Bonds soon, complete with waving flag and bald eagle screeching, as the government attempts to exploit the people they are supposed to be protecting. Do your patriotic duty and buy savings bonds. Never mind that inflation is higher than the bond's interest rate, and inflation is climbing. Big tax hikes coming soon as well.