Prieur’s readings (September 29, 2009)
Prieur du Plessis (September 29th, 2009) Writes:
This post provides links to a number of interesting articles I have read over the past few days that you may also enjoy.
• Caroline Baum, Bloomberg Bond traders are boubters, lemmings or sissies, September 28, 2009. Where are those gunslingers of yesteryear, ready at a moment’s notice to assert themselves in the marketplace, challenge the Fed on its easy-money stance and punish the federal government for its profligate spending? Why are bond traders so blasé when short-term interest rates have nowhere to go but up, the US economy is recovering, the Fed is ending its purchases of Treasury notes and bonds, the Treasury is continuing to sell notes and bonds, the dollar is sinking, and foreign central banks are making noises about the out-of- control US budget deficit?
• Jeremy Warner (Telegraph): The dollar is dead - long live the renminbi, September 25, 2009.
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