HOLY !@#!! Treasury Auction Schedule

24/07/2009 § Leave a comment


That’s two hundred thirty-five billion dollars over the next week!

Almost one quarter of a trillion…….

That money has to come out of somewhere, by the way, in order for the sale to succeed, which is going to get rather interesting at some point – but exactly where it matters is impossible to know.

This is flat-out insane.  At this run rate we would be trying to sell twelve trillion dollars over one year’s time, an obviously ridiculous and impossible-to-peddle amount of debt at any price.

When does the rest of the world wake up (not to mention the primary dealers) and say "NO!"?  Never?  Is there a truly insatiable demand for our government’s debt, despite the fact that President Obama got up on the national stage last night and promised to spend another trillion dollars we don’t have?

Folks, this is how you get detonation of a nation’s monetary and political system.  Timing the "event" it is not easy, but the certainty of outcome given this sort of outrageously irresponsible activity is not in doubt.


HOLY !@#!! Treasury Auction Schedule – The Market Ticker


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