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To: MythMan who wrote (402653)4/6/2010 12:01:28 PM
From: Giordano Bruno  Respond to of 436258
 
Sweet, sweet recovery -g- bloomberg.com

Compared with the 14.9 million Americans who were unemployed in February, the figures indicate there are more than 5 people vying for every opening, up from about 1.8 when the recession began in December 2007.



To: MythMan who wrote (402653)4/6/2010 12:54:55 PM
From: Giordano Bruno  Read Replies (2) | Respond to of 436258
 
Another $34 billion 4-Week auction closed, whose high rate of 0.16% was not only the highest in 2010, but the highest since July of 2009. The Bond vigilantes are finally stirring, not only on the long end, but are starting to question the quality of Bernanke's alleged royal flush quintuple all in. The Directs come to save the day as usual, taking down 16.6% of the auction, well over double the one year average Direct Take Down of 7.2%. Today we also saw a $26 billion 52 week auction close, which just like the 4 Week ended at the weakest rate, 0.49, since 2009, June to be precise when the auction closed at 0.55%. The Bid To Cover came in roughly as expected at 3.66.

zero hedge