Posted on 08/15/2013 10:57:55 AM PDT by Nachum
And the bid hits just keep on coming.
While previously we reported the foreigners as an aggregate class sold the most gross US securities ever in the month of June, we also learned that in June the biggest selling came from America's two largest creditors: China and Japan (excluding the Fed of course, whose P&L losses are now approaching $300 billion in the past 3 months, or would if the Fed marked to anything but unicorns).
In June, the two countries combined sold $42 billion, with each selling over $20 billion: the most in years.
(Excerpt) Read more at zerohedge.com ...
Is there some significance here?
What, in the phrase? It has to do with a Holiday Inn Express ad that has a person stay at a Holiday Inn Express and then go on to give a lecture in front of a large bundle of clients. Said clients compliment the dude and he says, “I’ve never done this before, but I stayed at a holiday inn express”.
It means short term interest rates will rise and the cost to borrow money goes up. Especially for the US Government. How this relates to the $85B per month QE by the Fed is the real question. The banks make more money, either way and push out the holders of paper currency.
I think it’s hilarious. I like the one where the dude is touring the nuke plant just at the time they begin having a nuke meltdown...lights flashing, horns sounding, then this guy munchin on a donut walks to the panel and pushes a button and the meltdown begins to shutdown.
Then the Holiday Inn Express line. Funny stuff.
Heck, hopefully rates on certificates of deposit go up.
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