Paulie
Diamond Member
- May 19, 2007
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Maybe it's because the Fed is pretty much painted into a corner..The Chicoms are getting squeamish about taking any more T-bills, and the Fed has to keep pumping the cash out to keep their scam intact for as long as possible.Last I knew, the Fed WAS buying longer term treasuries. I also know that when the yield curve is this steep, it has always historically meant that recovery is on the way.
The argument can be made that THIS time around things are different, but then again the opposite could also be argued. It's not like this is the first time we've been buried in debt. Inflation makes it seem much higher compared to previous situations. This doesn't mean I condone it, though. The opposite, in fact. I DESPISE it.
In the meantime, investors are going schitzo trying to find some safe haven for what's left of their money, trying to at least break even for the inflationary flood they know is coming.
That about cover it?
It's called gold. Always worked, always will.