Good point.
While off topic, I hope Santelli goes after Cramer today. Cramer is arguing that deficit reduction shouldn’t be a priority because treasury yields are so low right now. This is so dangerous, because while it sounds credible, this line of thinking will end disastrously.
T’s a low because no one wants out of cash (and big money can’t just be parked in a bank), and shows how fiscal and monetary “stimulation” is doing nothing (and is actually acting as a depressant). No business expansion, no increase in spending — just everyone holding onto cash. But when T’s go up, which they eventually will, there will be no way to reign in our debt, and servicing that debt will completely destroy our economy.