The World Bank Goes Nuclear on Commodities
Dan Denning (December 10th, 2008) Writes:
Sometimes you have to just stand back and admire the extremes a real bubble can produce. What you have now, as Bill explained last night at the Doomer’s Ball, is the last greatest bubble of them all, the bubble in U.S. bonds. It’s reaching staggering levels.
How do you measure these things? In yields. This, by the way, is how you’ll know the bubble is popping. When that happens (bond yields rise like a rocket ship) it’s going to unleash financial chaos. But for now, the bubble just keeps on getting bigger and yields on short-term U.S. bonds keep approaching-and even reaching-zero.
“The Treasury sold $27 billion of three-month bills yesterday at a discount rate of 0.005 percent,” reports Bloomberg. It’s, “the lowest since it starting auctioning the securities in 1929. The U.S. also sold $30 billion of four-week bills today at zero percent for the first time since it began selling
...Al Robinson;, Asx, bank balance sheets, ben bernanke, bloomberg, central bank accounts;, Central Banks, China, contrarian profits, Daniel Kruger;, Federal Reserve Bank, Federal Reserve System, Ft, International Bank for Reconstruction and Development, International Monetary Fund, Investment Bank, itching, Market Commentary, Perilya Ltd.;, rio tinto, Shenzhen Zhongjin Lingnan Nonfemet Co.;, Southbank;, St. Louis, steel makers, steel prices, United States, USD, Zinc Producer


![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)


