There was so much champagne popping after last week’s final treasury auction, that a few details seem to have gotten lost in the confetti. Bloomberg radio has kept repeating that China, Russia and Japan were sellers of US treasuries… I have... (Continue reading)
Long dated bond yields continue on watch, after yesterday’s mixed to bearish performance (and after hours sharp drop). Geithner continues in China, and front page of Xinhua claims US and China are nearing success in agreements, but no details emerge as of yet. As... (Continue reading)
The administration of President Barack Obama has pushed the nation’s marketable debt to an unprecedented $6.36 trillion and raised on May 11 its estimate for the deficit this year to a record $1.84 trillion, up 5 percent from the February... (Continue reading)
I’ve been thinking alot about Obama’s surpe comments last week at Duke University, where he acknowledged that the US is too dependent on China. “Obama Says ‘We Can’t Keep on Just Borrowing From China’ “ http://www.bloomberg.com/apps/.....p;refer=us Did anyone else wonder about those comments? Here’s... (Continue reading)