Jesse's Café Américain

"The more power a government has the more it can act arbitrarily according to the whims and desires of the elite, and the more it will make war on others and murder its foreign and domestic subjects. Power will achieve its murderous potential. It simply waits for an excuse, an event of some sort, an assassination, a massacre in a neighboring country, an attempted coup, a famine, or a natural disaster, to justify the beginning of murder en masse."
R. J. Rummel, Mass Murder and Genocide, 1994

Showing posts with label Treasury auctions. Show all posts
Showing posts with label Treasury auctions. Show all posts
10 March 2010

And Here Come Those Treasury Auctions

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The US equity markets are holding on to the rumour-inspired gains from yesterday, as commodities are hit and the longer end of the bonds slu...
10 February 2010

Primary Dealer Banks Want Their Treasury Sales Franchise Protected

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Direct bidding means bypassing the 'percentage' that the dealer banks take. The banks hate it. It not only dents their vigorish, but...
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