9th December 2010
"Agreement in Washington on a fresh fiscal package has set off dramatic rise in yields of US Treasuries and bonds across the world, threatening to short-circuit any benefits of stimulus. The bond rout raises concerns that the US authorities may be losing control over events."
winwin says: ">$1.4 trillion needed next year to cover the deficit. Wow just wow, Ponzi would be proud of that. Fraud of epic proportions, getting people to invest in bonds, whilst paying off existing bond holders. Stay classy America."
OneAegis writes: "As a younger American, I would like to thank the current generation of leaders for spending a lifetime of accumulating wealth while not reinvesting any back into the country that made it possible. Meanwhile, they've voted themselves gold-plated benefits, inflated the dollars they're able to earn and slashed estate taxes so that their clearly deserving children get to keep most or all of it in 99 year trusts, little of which will cycle back into the economy"
bedfordfalls thinks: "This cheery chappy clearly thinks that an economic upturn is just around the corner. I beg to differ. 2011 will be a filthy year for Britain economically and it will be at least a couple of years beyond that before we see the beginnings of real growth. Mr Slade has called the turn a year or so too soon. I wouldn't touch commercial property with a bargepole at the moment, however "cheap" it appears to be."