Posted on 09/23/2010 12:36:57 PM PDT by RobinMasters
NEW YORK, Sept 23 (Reuters) - Weaker-than-expected economic data boosted U.S. government securities prices on Thursday and seemed to increase the likelihood the Federal Reserve would buy debt to aid the economy.
An unexpected rise in new U.S. jobless claims and overnight reports showing a slower pace of growth in the euro zone's services and manufacturing sectors boosted demand for safe-haven government debt.
The benchmark 10-year Treasury note US10YT=RR was up more than half a point, its yield easing to 2.50 percent from 2.57 percent late on Wednesday.
The 30-year Treasury bond US30YT=RR, rose more than a point, its yield falling to 3.69 percent from 3.75 percent on Wednesday.
(Excerpt) Read more at reuters.com ...
For the same reason that there are no one-handed economists in America(see Harry Truman). :)
Any bad news for dimoKKKRATS is always reported as “unexpected”. Same as any position taken by a Republican is “controversial”.
Demand for liver transplants at an all time high.
Recovery summer rolls on.
Buying debt? Sounds so innocent... and to aid the economy, how quaint.
Nothing like a little more printing to make up for the lack of enough buyers of our debt.
The Fed has been buying billions in treasuries regularly for a couple of months now. They did yesterday, and there’s another buy tomorrow.
Its “unexpected” because the MSM is pushing a different narrative trying to create the illusion that all is well under The One. When pesky contrary facts make it past the media gate keepers those facts are always “unexpected”.
What the hell?
In 1921-22 the German government simply didn't connect the enormous depreciation in their currency with the fact that they were printing it by the billions. It was like a blind spot to them.
Well, the Democrats have that same blind spot, and they don't have the excuse of having just lost a World War to the French.
When the Federal Reserve buys debt, that means they are literally printing money, and that also drives the price of gold up as well.
At some point this whole mess is going to come crashing down...no telling what the trigger (or triggers) will be, but when it happens it will be too fast for anyone to react quickly. Be advised, and plan accordingly.
You are absolutely correct.
The dollar crash will happen very suddenly, and anyone still in cash will be wiped out.
It won’t be like 1920’s Germany unless Obama keeps on printing money and then gives way to Union demands for increased wages every month. The midterms ought to stop that sort of thing from happening.
Instead the dollar will ‘just’ lose 3/4 of its buying power, and then stay roughly static.
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