Stop Microsoft

Miscellaneous => The Lounge => Topic started by: davidnix71 on 11 December 2008, 01:33

Title: US Treasury notes sold at negative interest yesterday
Post by: davidnix71 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 (http://www.bloomberg.com/apps/news?pid=20601087&refer=worldwide&sid=aOGXsWKEI6F4)

Title: Re: US Treasury notes sold at negative interest yesterday
Post by: Aloone_Jonez 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.

Title: Re: US Treasury notes sold at negative interest yesterday
Post by: SiMuLaCrUm on 13 December 2008, 05:12

So basically, things are getting worse?