Monday, June 27, 2011

XERXES Bernanke Strikes!

Cash is definitely trash

Negative yields on 1 Month Treasuries.

Bid Yield  = 0.015
Ask Yield = -0.015








If you want to park your money in US Treasuries for the next month, you would have to pay Tim Geithner for the pleasure.

This is what happens when you have a centrally planned economy. 


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