A money mess of Gulf proportions 
Commentary: U.S., Europe batting zero in stimulus strategy
By Lou Barnes, Friday, June 11, 2010.
Flickr photo by aresauburn™.National preoccupation with "SpillCam" is a useful distraction from a slow-motion blowout in financial markets. The leak in the money well will not harm the environment, but much like the deepwater layers of oil in the Gulf, a slippery mess is uncontained.
The stock market is all over the place, but not the credit markets: U.S. Treasurys are holding panic prices easily, the 10-year in a new range of 3.09 percent to 3.3 percent, still trending down. We borrowed another $80 billion this week without a ripple.
more...
Premium Member account.
Premium Members have full access to all news archives & premium content.
Purchase Premium+ Membership for $99/year OR
Premium Membership for $49/year
All rights reserved. This article may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this article without permission is a violation of federal copyright law.
