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: Mortgage Lender Implode-o-MeterA Termite-Riddled House: Treasury Bonds
By Implode-Explode Heavy Industries
Right now, we are at a stage where Treasury bonds are as weakened as a termite-riddled house. They look fine: Nice glossy coat of paint, pretty shingles, bright clear windows, sturdy-looking plankings on the open-aired porch.
But Treasuries are well on their way to a complete collapse. Why? Because of the way they have been mishandled and mistreated by the Federal Reserve Board, and the U.S. Treasury. Whether by incompetence or by design, U.S. Treasury bonds have become the New & Improved Toxic Asset. The question is no longer if they will collapse?it?s when.
Full post as published by Mortgage Lender Implode-o-Meter on September 01, 2010 (boomark / email).
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