The Primary Dealers finally had a payday on their enormous Treasury short position. They got help from foreign central banks, who, if the horrible indirect bid at this week’s auctions is any indication, stayed away from the auctions in droves. The thought also occurs somebody may have been sending a message to our psychopath politicians to make a deal on the debt ceiling, or you’ll see a lot more of this.
The biggest deal is the collapse of the indirect bid. This may be the first real sign of capital flight away from US government debt. Click here to download complete report in pdf format (Professional Edition Subscribers). including 22 pages of charts and clear, cutting edge analysis that you can use to gain an edge in the market. Try the Professional Edition risk free for thirty days. If, within that time, you don’t find the information useful, I will give you a full refund. It’s that simple. 30 day risk free trial for new subscribers. Click here for more information.
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