Friday, May 08, 2009

Money's gettin' more expensive - Remember this post "Running out of suckers"?  The suckers are catching on: "The government had to pay greater interest than expected in a sale of 30-year Treasurys.  That is worrisome to traders because it could signal that it will become harder for Washington to finance its ambitions recovery plans."  With trillion-dollar deficits as far as the eye can see, the borrowing has only begun.

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