Saturday, May 7, 2011

people are going to realise it’s absurd to lend money to the United States government for 30 years

“If the bond (NYSE:TLT) goes up another 3 or 4 points, I for one am going to sell it short. I just think at some point along the line, people are going to realise it’s absurd to lend money to the United States government for 30 years in U.S. dollars at 3 or 4 or 5 or 6 percent interest. I mean the market is just going to give up. Once the Federal Reserve stops buying bonds (NYSE:TBT) I’m not sure who’s left to buy bonds at that point.” - in Reuters Insider
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