12/10/08

Better Than Under the Mattress?

Investors rush to put their money in short-term Treasury bills yielding 0%. That's right, zero. Safety trumps yield. At least you won't lose money. (And the feds can finance the coming trillion dollar deficits on the cheap). Tell your grandchildren you were there for this.

1 Comments:

Blogger drawnonward said...

It gets better. These T-bills are reportedly trading for negative yields on the secondary market.

December 11, 2008 at 6:00 PM  

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