Sunday, July 19, 2009
DAILY CHART OF THE US 30 YEAR T BOND
This market is headed for a total collapse which will drive
interest rates to the moon and destroy any and all economies by
driving the cost of borrowed money (which isn't being lent by
the banks that were just given BILLIONS of our tax money to lend, instead
using it to trade and pad their balance sheets) to levels that
no one will be willing to accept, thus preventing capital improvements
or borrowing for business ventures.