Sunday, December 07, 2008

3-Month T-Bills: From 15% in 1981 to 0% in 2008

Link.

7 Comments:

At 12/07/2008 11:18 PM, Anonymous Anonymous said...

Deflation! Mike Shedlock (globaleconomicanalysis.blogspot.com) has been predicting the coming of deflation since 2006.

 
At 12/08/2008 1:19 AM, Blogger MattYoung said...

The flight to liquidity has been a 30 year process?

 
At 12/08/2008 5:16 AM, Blogger 1 said...

"been predicting the coming of deflation since 2006"...

Hmmm, that's sort of like predicting sunrise in the morning, isn't it?

 
At 12/08/2008 9:57 AM, Blogger RebelRenegade said...

anon:

Speaking of predictions, I've been predicting the Arizona Cardinals will make the playoffs for about 10 years. Makes me look like a genius now.

 
At 12/08/2008 8:21 PM, Anonymous Anonymous said...

I'm predicting the return of inflation. You heard it here first.

 
At 12/08/2008 10:18 PM, Anonymous moneybagzz said...

I fear this is only temporary. The flooding of the system w/ billions of dollars of liquidity will eventually send prices higher again. Will oil retest its highs? Certainly possible but one would hope that it will bounce along before any meaningful volatility returns. The economy may very well be so moribund that the risks are reduced but it could come back any time.

 
At 12/09/2008 12:51 PM, Blogger Arman said...

>The flooding of the system w/ billions of dollars of liquidity will eventually send prices higher again.<
Money is a creation of the local banks' lending operation. It is encouraged by interest income. You cannot create more money in the system by putting money into banks and lowering the interest rates. This Keynesian strategy is founded on a flawed understanding of the banking system. It has never worked and will never work! Why is it that noone seems to notice!

 

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