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Maybe I should make an economic page so I don't clutter up this one? In any case, I think this article from Bloomberg last year is an important history lesson: Bond Vigilantes Who Gave Bush a Pass May Ambush Obama or McCain.

"You mean to tell me that the success of the economic program and my re-election hinges on the Federal Reserve and a bunch of fucking bond traders?'' Clinton raged at aides....
Yes Mr. President, yes it does.

To come back to the present week: Auction Results: Less Than Festive. I know the equity markets are way up, with the Dow, Nasdaq, and the S&P all threatening to break through important resistance levels - but it just can't last. Eventually I'll be right! :-)
- jim 7-31-2009 4:21 pm [link] [1 ref] [3 comments]

latfh
- mark 7-31-2009 5:55 am [link] [add a comment]