The Biggest Bubble of Them All

05/11/2008 § Leave a comment

 

When a foreign holder of Treasuries is willing to give up 40 basis points of yield on a 10-year T-note yielding 3.80%, so that they can get paid off in Euros if there is a repudiation of US Treasury obligations, there is significant uncertainty over the creditworthiness of the US Government.

GET OUT WHILE YOU STILL CAN!!

The Biggest Bubble of Them All – Seeking Alpha

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