“Issuing longer-dated Treasuries is … 1. A sign you’re broke. 2. A sign you’re desperate for credit. 3. A sign of great weakness to your foreign trade and credit sources. 4. A major Achilles’ heel in our economy. 5. A major mistake, if implemented.”
Read more: http://www.moneyandmarkets.com/more-on-crashing-sovereign-debt-markets-83770
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