I'm recovering after a week of night shifts, though still a bit nocturnal. A few bits of news caught my eye.
First, Wednesday's treasury auction was fairly weak, with a 50% reduction in foreign demand. The Fed bought treasuries and yields went up, which I'm pretty sure was not their intention. Even further, the Bank of England actually had a failed auction. All in all, not a good sign in funding deficit spending.
When able, the evil entrepreneur will exploit the needy. Fortunately, the ever watchful superhero G-Man is ready to smack his ass back down before he may do any damage. Thank goodness! He might have handed out some antibiotics or something, undera reprehensible fixed rate plan. Now back to the news, where we can continue with our report about the lack of health care in the uninsured.
How much debt can we write off if we give Timothy Geithner to China? Note to Timmy...that may happen anyway given your current efforts, but let's not speed it along, OK?
Maxed Out Mama reports that noted Great Depression researcher Ben Bernanke's efforts to recreate the 1930's in his Washington DC lab are proving wildly successful.
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