Capital Markets Vote against Obama

[Oscar Wao]

May posterity forget that this generation was America's countrymen.

 

[uscitizen]

More wistful thinking..

Healthcare has passed and it is a great day for all Americans. They will wake up tomorrow, the sun will still be shining, there will be no death panels and granny will still be alive.

Now the Republicans have to run on REPEAL HEALTHCARE. Convince America you want to take back what they have just won. Tell 37 million voters you want to take back their healthcare

Republicans are once again on the WRONG SIDE OF HISTORY

See you in November

Is that when the incumbent republicans get voted out?

 

[Toro]

I am sympathetic to the OP however. The nation cannot keep spending without paying for it. If this bill is going to add to the deficit, it should not happen.

 

[beowolfe]

More wistful thinking..

Healthcare has passed and it is a great day for all Americans. They will wake up tomorrow, the sun will still be shining, there will be no death panels and granny will still be alive.

Now the Republicans have to run on REPEAL HEALTHCARE. Convince America you want to take back what they have just won. Tell 37 million voters you want to take back their healthcare

Republicans are once again on the WRONG SIDE OF HISTORY

See you in November

And just what will you do if the GOP doesn't win all of the seats you're expecting them to win in November?

 

[VaYank5150]

Markets
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[Toro]

This week, for the first time ever, swap spreads went negative.

Its pretty esoteric, and there are several reasons for this, but what has been happening is that traders have been buying corporate debt and selling government debt. And one reason why they are selling government debt is because of the huge amounts of supply of government debt that will be coming onto the market. Negative swap spreads will not last forever because there are technical reasons for this, but it is a fascinating development.

Also, a couple of government bond auctions went poorly this week. There were a dearth of foreign buyers.

Both caused interest rates to spike. Interest rates have stayed low, partly due to the Fed buying over $1 trillion of government and mortgage debt, and partly due to the effects of the recession. But now that the economy is starting to heal and the Fed is stopping its purchases, there are worries that interest rates are going to go higher to attract demand for the oceans that will be issued by the government.