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! :-) |
return to: /treehouse |
"...ageback/49329/?/ Content-Length: 0 Connection: close Content-Type: text/html; charset=ISO-8859-1 ..." |