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| User Info | HOLY ****! Did TNX go sub 2.00%???!?!; entered at 2012-05-18 02:10:23 | |||
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Ben Posts: 6205 Registered: 2009-10-09 The Distant, Glorious, Past 
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When this moves back up, the USA budget will detonate almost overnight. Housing will go from the current robust recovery (/sarc) of 400,000 new starts, to something apocalyptic like 100,000 starts. Everyone's house will drop another 20% or more, and worst of all the interest service on the debt/deficit will go from $300bn to $1,000bn as most paper is very short duration and constantly rolled on the short end. 1.7% to 5 or 6% and the entire thing blows up. What could go wrong? This drop, and at this point I assume everyone here at TF knows this, is due to Europe fleeing to safety and buying up US T's along with Benny monetising. Last modified: 2012-05-18 02:12:44 by ben
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