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Central Missouri | http://market-ticker.denninger.net/
TYX is the 30 year bond etf I think.
Just a snippet ...
Your attempt to play "pump prime" over the last two years has FAILED.
For the first time in the modern era you have run into the mathematical realities of too much debt for the amount of payment capacity in the private sector.
You can either stop now, or you can stop when the government's ability to borrow is cut off forcibly by radical increases in the bond interest-rate curve.
You WILL stop gentlemen. The only question remaining is whether it will be voluntary or whether the market will force an involuntary cessation of Treasury Coupon issuance.
Attempting to avoid this by monetizing debt, as Bernanke has done while being your handmaiden (while lying about his actions to The American People AND in sworn testimony before Congress) forced currency devaluation which in turn (as expected) cuts off foreign debt demand.
That in turn, as you are now seeing, causes the coupon increase to happen anyway.
Now look at the debt clock
http://www.usdebtclock.org/
The largest spending items on there are medicare/medicaid, ss, pensions, interest, and defense. None of that can be cut unless we pull out of Iraq and Afghani pronto which isn't gonna happen. This is why hyperinflation is a possibility.
Edited by ehoff 12/15/2009 12:37
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