Monday, December 1, 2008

A brave new world.

World stability hangs by a thread as economies continue to unravel

Whether it is the Indian rupee, the Shanghai bourse, or Kremlin debt, the stars of the credit boom have fallen to earth. Investors are retreating into 3-month US Treasury bills – the ultimate safe-haven. The yield has fallen to 0.02pc, less than zero after costs. You pay Washington to guard your money.

Posted by flintster1994 @ 06:46 AM (478 views)
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One thought on “A brave new world.

  • planning4acrash says:

    Except if you distrust government and buy gold. During inflation, it rises, because cash no longer has the benefit of returns with interest rates at zero, with inflation, it rises, because it isn’t printed. A metal for all kinds of government incompetence. The peeps of Iceland who listened to MaxKeiser.com bought gold are doing very well thankyou very much.

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