Saturday, August 13, 2011

Auction of 30-Year U.S. Treasury Bonds Falls Flat - Barrons.com

ALMOST FREE MONEY - SO CLOSE TO A POLITICIAN'S HEART: Auction of 30-Year U.S. Treasury Bonds Falls Flat - Barrons.com

A parallel and interesting comment on current US interest rates was made on Bloomberg Friday - to wit, that with the cost of money almost zero, a certain group of politicians have no incentive to not spend-and-spend-and-spend and ... - to them, money if free.

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