Recently I read in an article from REALCLEAR MARKETS that US Treasury bonds had gone to negative yield (people are paying the USA to keep their money safe..get back less than they invest ON PURPOSE FOR THAT PURPOSE).
Sounds stupid until you see interest on bonds for Italy and France had rocketed towards 7%. At 15% you double your money in 5 years, so at 7 percent if you invest $1000 on a 20 year bond, the Italians have to pay you back almost $3000.
NICE VIG. That’s why it’s unsustainable over there.
But what’s so great about us?
Despite everything that sucks here right now, from STRUCTURAL, NEARLY INTRACTABLE UNEMPLOYMENT that (IMHO) the NEXT admin will have a fancy and low % chance of solving, banks and other organizations TBTF and therefore exist in a netherworld with Washignton of IG Farben, Krupp, BASF, Bayer and Berlin in the 1930’s, and interference by Homeland Security in how we cook our turkeys, there is something here that is better than something there which tells the hardnosed amoral money people HERE is better.
Why do we suck less?
Hundreds of thousands turn out for this:
only a few thousand turn out for this…
American Exceptionalism lives in the ideals of the people
Not in the govt.
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