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UK Treasury Sale Fail: Nobody To Buy The Debt March 25, 2009

Posted by aetiusromulous in Economics, news, politics, Video, YouTube.
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Obama Stimulus Plan Crashes Into Reality

The only way to put money into the system – QE, “Quantitative Easing” – is to sell debt for cash. The UK appears to be the only large industrial nation willing to support that route, however it has failed today to realize on the action as it’s treasury auction failed to attract interest.

The Obama plan depends on the worlds sovereign funds and investors to buy it’s treasuries, and this is the first stark sign that it may not go as planned.

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