Thursday, March 26, 2009

The U.S. can't borrow cash without buyers

From Noel Sheppard, Associate Editor, Newsbusters.org

Wall Street got rocked Wednesday by a “debt bomb” economists have worried about for decades.Hours after the United Kingdom failed to attract enough buyers for itsauction of $2.5 billion of 40-year bonds, the United States Treasury had similar difficulties with its sale of $34 billion worth of five-year notes and was forced to raise their interest rate to a much higher yield than had been anticipated.Such problematic debt offerings came on the heels of Germany having two failed auctions of its bonds already this year.



3 comments:

  1. Mr. Kalahar your the man!!!!

    ReplyDelete
  2. Most people don't have money to buy bonds anyway.

    Good call.

    ReplyDelete