Sunday, August 22, 2010

Beware the talk of a Treasury Bubble - Barrons.com

A DISLOCATION THAT RAISES PERHAPS MORE SERIOUS QUESTIONS: Beware the talk of a Treasury Bubble - Barrons.com: "- Sent using Google Toolbar"

Somehow the question still lingers that, if interest rates are low, extremely low, unbelievably low, but only government seems to be taking advantage of these low rates - then, what else might these conditions be telling us about the structural framework of our society/economy?

It would seem as though we've either destroyed or constrained entrepreneurial spirits (too little return for effort, little net gain from taking risks, such substantial social benefits that risk is unnecessary, too many unknowns, etc.) or mankind has changed embraced the idea of the counter-reformation where things can't be improved and only providence can orchestrate changes.

However, driving down crowded roadways, taking uncomfortable airplanes, discussing climate changes, not doing anything in space to speak of, etc. - all of these opportunities to break through new frontiers and make life better - why aren't we seeing more investment into these things vs. government borrowings to fund entitlements?

Something is far more dislocated than is being discussed in this article.

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