Tuesday, December 02, 2008

100 Year Bond?

Bloomberg is reporting,
BlackRock Inc.’s Peter Fisher said the U.S. Treasury should consider selling 100-year bonds to ease the federal government’s borrowing costs as it faces a budget deficit expected to top $1 trillion.
This makes sense to me. Let's get the money now before the world wakes up and asks themselves why on earth they're loaning us all this money for so cheap.

By the way, gold is now $774/ounce. Time to load up before it all hits the fan?

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