Governments’ Endless Borrowing – This Freak Show Cannot Go On Forever
Governments benefit from ‘teaser’ rates. Wait ’til they come to an end…
There are so many breathtaking things going on around us we practically suffocate. Last week, three-month US Treasury-bills yielded all of 0.015% interest. Some yields were below zero. In effect, investors gave the government money. The government thanked them and promised to give them back less money three months later. How do you explain this strange transaction? Was there a full moon?
Moonlight on the week … [visit site to read more]
