Monday, August 03, 2009

A Silent Auction?

UPDATE 2-Strong US 7-yr debt auction calms bond anxieties

I'm still trying to figure out who bought these T-bills...it wasn't the Chinese so who the fuck was it? I hope we're not crazy enough to be silently buying back our own debt by printing money.

The buyers' identities are being kept anonymous....but I still can't understand what foreign entity, other than China, is in a position to actually buy our debt.

1 comment:

jeffrey said...

I hope we're not crazy enough to be silently buying back our own debt by printing money.

Ha ha ha yeah we're crazy enough.