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View Diary: GOP clueless about how sovereign bond market works (212 comments)

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  •  Imagine you borrowed a few hundred billion (1+ / 0-)
    Recommended by:
    kovie

    at 3%.

    Imagine you could then drive rates to 8 or 10 or 12%, and lend that money out.

    There are people stupid enough to believe that they could control this and drive rates to some level they find desirable, and no higher.

    "But the traitors will pretend / that it's gettin' near the end / when it's beginning" P. Ochs

    by JesseCW on Tue Oct 08, 2013 at 09:27:25 AM PDT

    [ Parent ]

    •  Because with today's economic activity (3+ / 0-)
      Recommended by:
      JesseCW, Aquarius40, highacidity

      and investment levels they'd be falling over each other to borrow money at 12%! Why, they'd be demanding that it be raised to 20, 30, 50% because where's the fun in low interest rates? Plus toasters!

      "Reagan's dead, and he was a lousy president" -- Keith Olbermann 4/22/09

      by kovie on Tue Oct 08, 2013 at 09:36:36 AM PDT

      [ Parent ]

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