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Thursday, July 23, 2009

Brother, Can You Spare $236B?

... because that's the size of the Treasury auction next week. John Jansen has the details.

$236B?!? Are you kidding me? Where are you going to get a quarter of a trillion dollars in one week to buy this debt? Any bets on higher interest rates out there?

1 comment:

  1. Some perspective: the budget deficit for the entire year in 2006 was 248 billion.

    But seriously, we all know where the money's coming from, don't we?

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