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Poor Matthew's Almanac

Extra Credit / Required Reading:

  • Dollar Strength on Recognition of Worldwide Crappiness
  • Robinson Crusoe and the Subjectivity of Desire
  • Reflections on Today, from Henry Clews, 1908.
  • Art Market Rules
  • The Long View... 1885-2009
  • Forecast: The Battle Between Paper and Tangible Assets, A Personal View
  • Tobin's Q
  • Luxury Goods
  • After the Gold Rush...
  • The Gaussian Fallacy and other Bullshit Baby Boomer Epistomologi
  • Douchebag of the Noughties
  • Synopsis of the Panic of '08
  • You Know its a Bubble When...
  • Quantitative Easing
  • Vallejo, CA

08 April 2010

Strong demand for U.S. Debt Auction

The liquidity trap has a floor. It also apparently has a ceiling.

Bids for the $21 billion auction of 10-year U.S. government debt attracted the highest demand on record today, as investors, scared, bet on deflation or couldn't think up any better use for their money.
Posted by Matthew Talty Colvard at 2:01 AM No comments:
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Matthew Talty Colvard
Bedford-Stuyvesant, New York
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Time Capsule 11/19/08

  • * "Quantitative Easing Target Plane" 1-3 month T-Bills to zero
  • * VIX: S&P 500 will move 25.9% up or down w/in 30 days
  • * 2-year TIPS breakeven: -0.38%
  • * TED Spread: 211 bps
  • * 30-year swap: 33 bps below T-Bond
  • * Baltic Dry Shipping Index: down -92.6%
  • * Mei Moses Art Index: down -21.4%
  • * Liv-Ex Wine Index: down -7.4%
  • * "Ebay-Whip Inflation Now (WIN!)" Indicator: 100% unconcerned
  • * 2:1 odds Charlie Rangel demoted

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      • Strong demand for U.S. Debt Auction
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