And his opening comment this morning is a shocker. After describing some of the weird action in Treasuries, he says: Is this the beginning of the end for the dollar and the Treasury market? Is this the first sign of the bursting of the bubble in Treasury securities? That market, in a sense, represents the ultimate bubble as it exists at the whim and caprice of foreign investors, who have as participants in a Faustian bargain, financed our war(s) and our lifestyle so generously over the last decade. Maybe even that bizarre construct is crashing about us as we speak. Maybe I should be drinking something a bit more ... calming .. than coffee right now.
And his opening comment this morning is a shocker. After describing some of the weird action in Treasuries, he says:
Is this the beginning of the end for the dollar and the Treasury market? Is this the first sign of the bursting of the bubble in Treasury securities? That market, in a sense, represents the ultimate bubble as it exists at the whim and caprice of foreign investors, who have as participants in a Faustian bargain, financed our war(s) and our lifestyle so generously over the last decade. Maybe even that bizarre construct is crashing about us as we speak.
Maybe I should be drinking something a bit more ... calming .. than coffee right now.
On a separate note, one good thing is that there haven't been any reports of people on Wall Street jumping out of windows. That's because the windows in modern office buildings don't open.
Who wants to blow today off and get rip-roaring drunk while blogging here at ET?
Will be back later to see who wants to participate.
Ah,a GRAND start to the New World Order! Now where's the fun in that! - Megatron
I'm going to see an improvised musical tonight, and then will pop in to hear new triphop band ELK late night. You can't be me, I'm taken
