Tuesday, December 9, 2008
The New Bubble: US Government Debt.
This just came accross my email: TREASURY THREE-MONTH BILLS TRADE AT NEGATIVE RATE OF 0.01%. Things are so bad that people are willing to pay the government to lend it money. Imagine if a bank paid you for your credit card balance. This even though there is no entity in the world with so many unfunded liabilities and future debt. Crazy crazy world.
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