amazing, no one argues the US government doesnt have problems ahead of it w/ these massive deficits, but simply recycling the same rhetoric about how the republicans are destroying the country ... blah blahhhh, really shows the depth of the argument....
i was simply stating that tax receipts have shown a recent uptick that many economists did not expect and therefore had to adjust their deficit forecasts... those are the facts
The bold section is great, so they shocked the long end or the curve huh? last time i checked 30yr rates were about 28 bp off the 10yr and most agree the treasuries best move would be to issue more 30yrs, get some supply on the long end to cool the demand and steepen the curve out some, all the while tightening up money supply and refinancing debt the government has issued at much higher yeilds....
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