This is the most important article of the year, I hope everyone reads it. The issues occurring here are what will shape all the markets for 2010.
We have known that games were being played in the bond market and I’ve speculated that there was more “Quantitative Easing” going on than was admitted. They have placed their fingers on identifying the shell/ Ponzi schemes that are being played. (ht Maize Pays)
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This is very interesting. I wonder what will happen next year. It still amazes me that the bid ratio has remained over 2 even during Xmas. I just think that the rest of the world is printing money as fast as we are just to keep the whole thing from collapsing hoping that some how the economy will restart and we can escape the world economical collapse.