Phantom of the Street
Capital Markets
Who is the bidder at 10 year treasuries? thats the question even mighty Greenie is asking. We are going to see an inverted curve very soon. Which is not a good sign for the future of the economy and a strong indicator of deflation pressures. FED is a bit behind the curve and if it can not solve the "conondrum" soon, it gonna face the inevitable: the deflation. After 3 years of abnormally low interest rates FED will be in a position whose futile efforts do nothing but delay the inevitible 3 years and created another buble on the housing. Mighty Greenie failed this time.
