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Author Topic: US Treasury notes sold at negative interest yesterday  (Read 894 times)

davidnix71

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US Treasury notes sold at negative interest yesterday
« on: 11 December 2008, 01:33 »
A 10k note would return $9,999 or close to it. On the face of it, that seems stupid, but someone is betting that there will be deflation in the near future. If people don't have money then they may be forced to cut the price of goods and services to survive.

http://www.bloomberg.com/apps/news?pid=20601087&refer=worldwide&sid=aOGXsWKEI6F4
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Aloone_Jonez

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Re: US Treasury notes sold at negative interest yesterday
« Reply #1 on: 11 December 2008, 21:12 »
You might be tempted to say great I don't have to put my money in the bank to get a return on it but that's the whole point, negative inflation will cause the banks to go down the tube.
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SiMuLaCrUm

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Re: US Treasury notes sold at negative interest yesterday
« Reply #2 on: 13 December 2008, 05:12 »
So basically, things are getting worse?
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