http://www.dailypfennig.com/
"...radio interview on Bloomberg yesterday with a panel of investment strategists, and some were of the opinion that, and tell me if this at all sounds familiar, the dollar will continue to weaken this year as the global economy recovers from recession and investors seek currencies linked to growth...
The idea was simply that too many investors had cash tied up in T-Bills, and T-Notes, and that as the global economies recover ahead of the U.S. there will be higher yields to be gotten in those global economies. So, when the investors sell their T-Bill and T-Notes to buy overseas, the dollar will get sold, and thus lead it to weaken more and more...
Speaking of Treasuries... once again the U.S. Treasury is going to the well... And they will auction $197 Billion in new Treasuries this week... Is it just me, or does any one else wonder just how much more debt foreigners can choke down? I guess the thing to do this week and next is to check the cartel's, I mean the Fed Reserve's balance sheet to see if they take back any of these auctioned Treasuries like they did last month with the 7-year T-Note auction. Monetizing the debt, printing more paper dollars like it's Monopoly money...
And in a follow up from yesterday's report on the Budget Deficit being forecast for the next 10 years... The total of the deficit for those 10 years is now forecast to be $9 Trillion dollars... And in a follow up from yesterday's rant about forecasts... The $9 Trillion is more than $2 Trillion more than was forecast just 6 months ago! Hmmm... Another $9 Trillion!
Hey! A month ago, when I prepared for the Agora Financial Reserve Wealth Symposium in Vancouver, the National Debt stood at a level that put each citizen's piece of the debt at $37,000... Today, just one month after I pulled that data, each citizen's piece of the debt now stands at $38,191! That's absolutely shameful, folks..."
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