Not Buying Debt Today

12/11/2003 Mises Wire Michael Runge

As reported today, foreign interest in US Treasuries are down. Bid to cover is down to 1.78 now.

From the CBS Marketwatch story (the second one above): “Noncompetitive bidding was $54 million vs. $156 million a month ago.” Ouch. I think I see where this is headed...

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The Worst Economic Policy Meeting Ever

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