The market ignored some worrisome details within the GDP report yesterday, and also looked the other way when the Fed auctioned off a record $31.0 billion in 7-year Treasuries. Bidders offered $2.65 for each $1.0 in debt sold, the lowest ratio since July. Indirect buyers (foreigners) were 59.3% of demand, and that was the lowest since May. Keep in mind that the definition of indirect buyer has been alerted to make this number look more favorable. The actual interest from foreign central banks was much less and continued to decrease. Consequently, the Federal Reserve stepped up to purchase $1.936 billion. These are all red flags. We can look the other way and hope the Fed will be wise enough to reverse course, but it's best we speak out and try to exert pressure. I know individually that our voices are diluted, and even together our pleas fall on deaf ears.