Meanwhile, the news two days ago was that homebuilding took a dive in October. Work began on 11% fewer houses than the month before.
November 20th, 2009 | Bill Bonner | 1 comment | ContinuedAll Posts Tagged With: "U.S. Treasury Debt"
Finding Assets that Out Run Inflation as Bond Yields Move Up
The week began with your editor wondering how the bond market would choke down another $81 billion in U.S. Treasury debt. On Monday, it swallowed $40 billion in three-year notes with gusto, and even belched in satisfaction. Demand, analysts said, hadn’t been that strong since 1990-when the bond vigilantes used the bond market as a weapon to discipline government spending.
November 13th, 2009 | Dan Denning | 6 comments | Continued
A Merciless War Between Inflation and Deflation
The rally itself is a part of a larger battle between two contradictory body parts – the heart and the mind. The heart wants to believe that the worst is over. It reacts sentimentally, remembering the glory days of the great bubble era and wishing they were back.
May 29th, 2009 | Bill Bonner | 1 comment | Continued
China Stepping Up Purchases of U.S. Treasury Debt
Is the rally still on? We’re not sure. Yesterday, the Dow fell 83 points…after a weak bounce on Tuesday. We expected the rally to last until June and to take the Dow back to the 10,000 range. But anything could happen.
April 24th, 2009 | Bill Bonner | 4 comments | Continued