Thursday, March 26, 2009

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

From Noel Sheppard, Associate Editor,

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.


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

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

    Good call.