I'm calling to Timmy Geitner, the US Treasury Secretary. Take a look at the yields on the 10 year US Treasury Note - under 3% ! And the yield on the 30 year US Treasury Bond is under 4%. !!
That means the world wants US long term debt.
You, Timmy Geitner, should start selling it hand over fist. Refund all those T-bills and short term T-Notes with stable, long term debt. That will help the US long term solvency and lock in historically low rates. Act like a CFO - fund your needs when the market wants your debt. That means NOW !!!
The United States Treasury should sell hundreds of billions of 10 year notes and 30 year bonds.
Actions
Futures are down big early this morning. More turmoil in Europe. Krypto has cash to invest but wants lower prices. One thing she will not be buying: TIPs and long term taxable bonds. Those are now in the range of "Certificates of Confiscation" - very poor long term prospects.
Word of the Day
"Conduce" - verb [$10] (one of many words formed from -duce; I call them the 'duces')
Conduce means to lead or tend to a particular and usually desirable result: contribute.
Sentence: Selling hundreds of billions of long term debt at today's low rates to refinance short term T-bills will conduce great stability for US funding and increase the strength of the US dollar as a reserve currency and source of world stability and solvency.
About Me
- Bunkerman
- I have a pioneer mentality. My wife & I live in the woods - neighbors aren't visible except slightly in winter. Our "bunker" - hehe, really a fine home & barn - has plenty of security. We have four dogs: Krypto (age 9, Kelpie), Ava (age 13, Rat Terrier), Sky (Kelpie, age 5) and Lucky Star (age 1, kelpie). I don't take crap from anyone anymore, having enough resources & gear stocked up to survive in any circumstance. I have three degrees from Harvard including a Ph. D. in a physical science, and an MS in Management from MIT. I worked as an investment banker for about 25 years, mainly in secured finance, at three major Wall Street firms and for the last 17 years with my partners at our own firm. I'm semi-retired now, managing some private corporations and business interests and doing my own trading & investing. This is not to boast, but to give you an idea I know a little about some subjects from experience. The photo is my 1943 M16 half-track which I am restoring. These armored vehicles were ubiquitous in the US Army in World War II and Korea. It's driveable.
16 comments:
S&P close under 1041 would bring the helmet to Bman for 1st half close contest ... otherwise Spin will take it.
Mav already has 1st half high helmet.
hmm consumer confidence collapses
maybe the oil slick blues ?
sticks...momomo poooooop...more poooooooop
monkey sub indicator...think about it.
having four dogs means I have a plentiful supply of fresh poop for the punji sticks.
:)
what's a "monkey sub" indicators ?
Is that an Oregonism or a sixties-ism - or ???
Blabberg: "Obama meets Saudi King Today"
I wonder if Barry's gonna grovel & scrape the floor again ?
monkey subs...u out of index cards...nono led in your pencil.
Bunkerman if you want to watch beauty....tune in Friday am for Netherlands-Brazil....should be phenomenal...
ok, sounds good mfl.
"monkey sub" ->
http://www.manta.com/c/mmn2r9n/monkey-s-subs
I guess it might be an Oregonism.
Krypto...did you just sell in a panic.
nope, no selling by Krypto.
I'd guess she'll soon be a buyer in "size"
Why would you even ask such a question - Krypto sells HIGH, not LOW
And she is a dog - has no human crowd emotions
sorry Krypto...my bad...good girl, milk bones on me.
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