Link to thread last Thursday about lower treasury bond sales?

[Vox_Reason]

Can someone please link me to the thread late last week (Thursday?) about an offering of treasury bonds that had gotten frighteningly low response from foreign investors? I need the source article reference.

Thanks very much in advance!

[DebJ]

1. interesting. tried searching CNN, where I know I saw the story,

got nothing

[Vox_Reason]

4. Thanks for checking

Maybe this'll help folks--the first part of the story referred to a bond trader who was used to having no trouble making money on such offerings, and a short while after the offering was made he'd already lost 1.5 million.

[AntiFascist]

2. Was it...

This thread:
http://www.democraticunderground.com/discuss/duboard.php?az=show_topic&forum=104&topic_id=2514072

and this article?:

http://www.washingtonpost.com/wp-dyn/articles/A43402-2004Oct18.html

[Vox_Reason]

5. BINGO, AntiFascist!!!

BIG thanks!!!
:toast:

I'm going to use this article to lambast a fascist-loving buddy whose most recent email read in part "What do you think about the link to international confidence and loan rates, the fact that confidence in the U.S. is very high right now, and the impact John Kerry’s negativism might and probably will have on it?"

[AntiFascist]

6. Welcome...

and good luck! I'm looking forward to seeing the report in a couple of hours on USD/Yen trading. I'll post if anything sounds interesting.

[Vox_Reason]

7. Thanks again, AntiFascist!

Please post whatever you observe RE: dollar/yen trading.

I see mention of Hijacking Catastrophe in your sig--I've got the DVD, but haven't watched it yet, because I'm concerned that if I do I'll blow a gasket or two at this point.

[AntiFascist]

8. It does provide a lot of economic info......

particularly in the Extra Features section of the DVD. And, yes, it probably would make you very angry! :mad:

Report should be due in about an hour.

[AntiFascist]

9. Interesting....

The USD does not seem to have fallen much with respect to the Yen over the weekend, but it did fall considerably against the Euro, Swiss Franc, and GBP.

Get Used to the “I” Word Again by Ashraf Laidi

As the dollar deepens its slide to multi-month-lows against the major currencies, and the economies of Europe and Japan continue to struggle in making a clean recovery, currency traders should start getting used to hearing the word intervention more often this week and the next. Rather than merely uttering the word “intervention”, government officials will start by “threatening” to do so, which should be sufficient in triggering knee-jerk declines in the euro and the yen. But with the dollar’s structural bear market in full swing, and pre-election uncertainty heading nowhere but up, speculators will likely remain relentless in driving down the dollar, thus, causing monetary official to come up with more than threats.


<snip>

I should mention the newsletter comes from Forexnews.com

[Nicholas_J]

3. Europe has been getting ready to do this since the WTO decision

When Bush put tariffs on steel WTO ruled the tariff, plus other Bush export subsidies to big businesses was illegal. The EEC then voted on to put tarriffs on 23 classes of goods produced by the U.S. so Bush got rid of the steel tarrifs and the subsidies, but this week, to make up for the subsidies being lost, Bush just gave the businesses billions in tax breaks to make up for the loss of the subsidies. Europe is pissed off, so they have simply decided not to finance Bush's end run around the subsidy issue by ceasing to finance the U.S. deficit by buying treasury bonds. Europe has been preparing for the impact this might have on its economy for well over a year, but the effects on the U.S. defit and budget will be staggering, as Germany and France are financing most of the deficit. The German banls have been discussing this for a month, at least in the media, so this is a way of making the Bush economic strategy worse. Economic indicators point towards another recession due to the Bush tax cuts, so get ready.