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29
12/09
Thanks to the gang at Clusterstock for this gem which says what so many of us have been saying:
Oops. Guess that “recovery” could use some growth hormones after all. Maybe Tiger could “reportedly” loan the economy some of his so we can get this sucker expanding faster!
alexsword
29.12.09
11:10
Hi, John. This is alex sword from Russia.
I want you to pay attention to the following – we’ve a HISTORIC record difference between 3-month and 30-year bonds’ yields. Yesterday it was 4.66 = 4.69 – 0.03.
Historic records you can find there – http://www.ustreas.gov/offices/domestic-finance/debt-management/interest-rate/yield.shtml
This is a small Christmas gift from USA government & financial criminals to the planet, which, very prorably, will be a starting trigger for new dark age, similar to the one which started in 1345 with bankruptcy of Eduard III and leading European banks.
Unfortunately I can not find this sort of data for Weimar republic in 1923, before hyperinflation, but I believe we would see the same or very similar record.
Administrator
29.12.09
21:29
Alex, great to hear from you again and thank you again for translating and posting my articles in Russian! I’m glad they were popular.
This “gift” is about to turn into a curse for the U.S. economy and the government is about to reach that choice to push the string further or break it and let loose with unlimited debt issuance to attempt to monetize the losses in the economy. I have been attempting to locate photocopies or PDF’s of German newspapers from the 1919-1923 period but with limited success just so I can translate the news flow into the era and find a relationship to some of the similar foolishness we are attempting here.
Happy New Year!