Thursday, December 11, 2008

US 4-month T-bill at 0.000%

The end is nigh... US 4-month T-bill 0.000% sold around US $30 billion.

Furthermore... US 3-month T-bill are being sold at a discount of 0.005%.

It means... people are paying the US government to protect their money, whatever is left.

Did Japan not go by this way?

Not so long ago?

And, has yet to recover?

The End is Nigh... hear ye!

See more at the New York Times.

And Bloomberg.