AIG has been halted, news pending.
Mediocre 10-Year Auction
Bid to cover was 2.92, and strong holders put in indirect bids of 44%.
The 10 year auction was mediocre.
Gold Down $30
According to Business Insider, Mastercard.com was attacked this week.
Digging Ourselves Into a Deeper Hole
We continue to add on to mounting deficits in order to ensure economic growth.
From my perch, we continue to dig ourselves into a deficit hole as short-term decisions are being favored over long-term decisions. The Fed's solution is to just print more and more money (another $600 billion on top of the first $1.7 trillion).
And our fiscal response is to continue to add on to mounting deficits in order to ensure economic growth.
Increasingly, we are addicted to artificially low interest rates, and our future is likely to be filled with rising and maybe even uncontrollable inflation, higher interest rates, a weaker currency, uneven economic growth and a lower standard of living for the average Joe (screwflation) all these are, in the fullness of time, valuation-deflating influences for the U.S. stock market.
It's no wonder why I view shorting bonds as the trade of the decade.