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Trea. redeemed 600B in April (ZZ)
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Trea. redeemed 600B in April (ZZ)# Stock
N*n
1
Uh-oh. If Obama keeps spending like this, Tim TurboTax Geithner will ask
for a bailout from Congress (or more likely Federal Reserve).
A truly stunning number and an indication of just how much cash the Treasury
needs to have access to to keep rolling its ridiculously short average
maturity debt load. Today we stand even more speechless: according to today'
s DTS, the Treasury has now redeemed $596 billion in Bills in Aprils: an all
time world record, even when accounting for the Fed's steroid a
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N*n
2
From US to Europe it's debt explosion everywhere.
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