Tuesday, June 29, 2010

Hey, Timmy !

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.

16 comments:

Bunkerman said...

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.

Bunkerman said...

hmm consumer confidence collapses

maybe the oil slick blues ?

Frosty said...

sticks...momomo poooooop...more poooooooop

Frosty said...

monkey sub indicator...think about it.

Bunkerman said...

having four dogs means I have a plentiful supply of fresh poop for the punji sticks.

:)

Bunkerman said...

what's a "monkey sub" indicators ?

Is that an Oregonism or a sixties-ism - or ???

Bunkerman said...

Blabberg: "Obama meets Saudi King Today"

I wonder if Barry's gonna grovel & scrape the floor again ?

Frosty said...

monkey subs...u out of index cards...nono led in your pencil.

mfl59 said...

Bunkerman if you want to watch beauty....tune in Friday am for Netherlands-Brazil....should be phenomenal...

Bunkerman said...

ok, sounds good mfl.

Bunkerman said...

"monkey sub" ->

http://www.manta.com/c/mmn2r9n/monkey-s-subs

I guess it might be an Oregonism.

Frosty said...

Krypto...did you just sell in a panic.

Bunkerman said...

nope, no selling by Krypto.

I'd guess she'll soon be a buyer in "size"

Bunkerman said...

Why would you even ask such a question - Krypto sells HIGH, not LOW

Bunkerman said...

And she is a dog - has no human crowd emotions

Frosty said...

sorry Krypto...my bad...good girl, milk bones on me.