Wednesday, September 17, 2008

FT.com / In depth - Panic grips credit markets

FT.com / In depth - Panic grips credit markets: "All thought of profit was abandoned as traders piled in to the safety of short-term Treasuries, with the yield on three-month bills falling as low as 0.02 per cent – rates that characterised the “lost decade” in Japan. The last time US Treasuries were this low was January 1941."

I called the match to the Japan slump. Time to pay the piper...

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