Tuesday, December 15, 2009

TIC Data Confirms: Foreign Appetite Gone - The Market Ticker

TIC Data Confirms: Foreign Appetite Gone - The Market Ticker
With the forigen buyers gone, it is down the banks who are received cheap money (.25%) to buy the treasuries which are paying 4%. When the merry go round stops we are all screwed.

Goldman Sachs: The Little Hoovers Are Multiplying, State Budgets Set To Be Major Economic Drag

Goldman Sachs: The Little Hoovers Are Multiplying, State Budgets Set To Be Major Economic Drag
In short the state are begin to breakdown. With the weight of pension, medicare ever rising cost and ever decrasing tax revenue. They need to take a hard look now before we start to see local, city and state bankruptcys.