View Single Post
Old 10-05-2008, 10:59 PM  
spunkmaster
Confirmed User
 
spunkmaster's Avatar
 
Join Date: Jan 2004
Posts: 2,052
So where is the world putting their money now - USA

Oh wait, I?m sorry? where did they seek refuge?

Yes, I think I did read that right.

IN AMERICAN BONDS!!

The yield on the 10-year US Treasury note which moves in the opposite direction of the price, fell to 3.57 per cent after earlier dropping to 3.52 per cent, down from 3.60 per cent late on Friday.

The US dollar shot up 3 per cent against the won to the highest in more than six years.

The dollar has been the beneficiary of a move by institutions and investors to cut the amount of risk in their portfolio. As a result, the euro fell 0.9 percent to $1.3642 after earlier falling as low as $1.3610.

The euro was down 1.9 per cent at 142.18 yen the lowest since May 2006.be said loudly enough for all the fools on the Left and Right who continually propose how we are going to Hell in handbasket by some bizarro conspiracy theory that our bonds get dumped by the world

We are the last refuge for economic security. The only way it even becomes plausible is when the global economy prospers enough to venture away from the safety of the mammoth American free enterprise.

Everyone who disses our economy can eat dirt now because the global system will now demonstrate how desperately they need us.

Good bye Euro and hello Dollar.

Make your investments here because everything else is crashing.
__________________

spunkmaster is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote