2012-10-05bloomberg.com

``Borrowing costs for the U.S. declined as investors sought the safety and liquidity of U.S. government securities as the European sovereign-debt crisis worsened, employment growth stalled and Federal Reserve policy makers sought to bolster the economy by extending the average maturity of the central bank's Treasury holdings. The lower borrowing costs have helped the administration of President Barack Obama as the U.S. has run the only four budget deficits exceeding $1 trillion in the country's history as it has struggled to recover from the worst financial crisis since the Great Depression.'' -- Of course there is no downside to this, we're sure...



Comments: Be the first to add a comment

add a comment | go to forum thread