Wednesday, January 7, 2009

Gordon may think he can print money instead, only we now live in a cashless society!

Investors shun German bond auction

Investors shunned one of the most liquid and safest assets in the world on Wednesday as a German bond auction failed in a warning for governments seeking to raise record amounts of debt to stimulate their slowing economies.

Posted by v stor @ 08:32 PM (612 views)
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3 thoughts on “Gordon may think he can print money instead, only we now live in a cashless society!

  • Significant. I was wondering about this generally. The UK is going to struggle to raise the cash it needs using bonds with all other governments trying. We are going to have to offer increasingly attractive rates as the risk goes up for investors. Interesting. Thanks for that post.

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  • stillthinking says:

    Indeed. This is coming to the UK. The government will have to raise yields. Which will suck money out of the banks.

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  • As I predicted last year, we are going to see much more of this in the coming year. The whole notion of there being buyers for all the government bonds required to fund this mess is (and was at the time) completely risible. They will resort to printing. What a mess.

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