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Savers Beware

Thu, 01 Sep 2011 16:43:36 GMT

Bond market yields are lower now than when the government was running a surplus a decade ago. Something is wrong with this situation. We must still be in surplus or at least running very low and sustainable deficits with future budgetary concerns allayed due to significant entitlement reform. THE FEDERAL RESERVE'S INVOLVEMENT If real reform has not happened, then why hasn't the bond market called the government's bluff and reacted negatively to the prospect of future insolvency? Part of the...

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