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pdq

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pdq

Re: None

Tuesday, 09/16/2008 10:56:23 PM

Tuesday, September 16, 2008 10:56:23 PM

Post# of 147182
OT- AIG gets bailed out

"Too big to fail", I guess. Another $85B ordered up from that printing press called the US Treasury. Congress apparently has no say in appropriations any more- the treasury secretary is doling out our money to whoever he decides is worthy.

Three month T-bills are now yielding 0.68%, yet ttm US inflation is running ~6%. How much longer will the Chinese keep lending our government money when the real return is way less than zero?

As I said, this country is seriously f*cked up.
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