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Four Words That Have the Federal Reserve in a Panic: “Pushing on a String”
Thursday, October 15, 2015 9:32
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Four Words That Have the Federal Reserve in a Panic: “Pushing on a String”
By Pam Martens and Russ Martens: October 15, 2015 Yesterday, the U.S. Treasury auctioned one-month Treasury bills at a zero percent interest rate. By late afternoon, the bills were trading in the secondary market at a negative yield of 0.0152. As the above chart shows, short term Treasury bill rates today are tracking a pattern similar to that of the Great Depression. That spike in the yield in the above chart in 1937 came as … Continue reading →
Source: http://silveristhenew.com/2015/10/15/four-words-that-have-the-federal-reserve-in-a-panic-pushing-on-a-string/
