Saturday, April 16, 2011

A Lot of U.S.-Bashing at the IMF

Reuter's Emily Kaiser reports:
A lot of U.S.-bashing at IMF meeting today. Russians accusing Fed of monetizing the debt; others say U.S. debt biggest threat to economy
There should be an intrade bet on the date when the world stops buying Treasury securities---but I guess buying gold is making that bet. When global central banks stop buying Treasury securities, there will be only one man left to buy the stuff.

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