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Preventing Panic Selling of US Debt?



September 25, 2008 – Comments (5)

While I have expected all economies to slow down significantly for some time, I have been of the position that US will not fair so well because of the gross level of debt.  I have no doubt that Canada will be hard hit and have serious economic problems but longer term we are in a much better financial position. 

Now it seems that other countries are catching on to how serious the US debt problem is.  Yves picked up on an article about preventing panic selling of US debt among the various nations the US owes, China, Japan...

Silly fools, first guy going heading for the door does the best...

5 Comments – Post Your Own

#1) On September 25, 2008 at 11:21 PM, FleaBagger (27.80) wrote:

Is there an ETF that's ultrashort on US T-bills?

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#2) On September 25, 2008 at 11:35 PM, EScroogeJr (< 20) wrote:

I hope the panic selling will start.

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#3) On September 25, 2008 at 11:40 PM, StatsGeek (29.22) wrote:

TBT is an ultrashort of US Treasuries.  Be careful of counterparty risk with all these ultrashort ETFs though.

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#4) On September 26, 2008 at 12:56 AM, cbwang888 (25.98) wrote:

Dropping USD would trigger that ...

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#5) On September 26, 2008 at 12:34 PM, lquadland10 (< 20) wrote:

I just thought you world Like this take on what is happening with some people here in the states while we are all worried.

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