What the Market Says About the Stimulus Bill

Financing the debt is going to be very difficult. The infrastructure investment in the stimulus porkgasm will be puny. Check out this 1 month chart of TBT(blue) vs. CAT (red).


TBT shorts Treasury bonds. The harder it is for the government to sell its debt, the more TBT goes up. CAT, or Catepillar, builds heavy equipment just right for roads and bridges. The porkapalooza doesn't build roads and bridges, it just pays off the Democrats' special interest groups. You can see what's going on as this chart continues to diverge. TBT up, CAT down.

Change you can believe in?