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Treasury started selling 30 year bonds last week. All the talk about the inverted yeild curve was because the 30 years sell at 4.48%, the 10 years sell at 4.53%. If you did not have faith in the US Government you don't buy 30 year bonds, or you ask for a real high rate. These bonds indicate world-wide confidence over the long-term in the US government's ability to pay back the principle and pay the interest.
What do you put more confidence in - a reporter or people, companies and governments investing millions in government bonds?
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"Democracy is two wolves and a sheep voting on lunch."
"It is useless for the sheep to pass resolutions on vegetarianism while the wolf is of a different opinion."
"If you live among wolves you have to act like one."
"A lady screams at the mouse but smiles at the wolf. A gentleman is a wolf who sends flowers."
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