So sad they had to fade it
--Tears for Fears
Just a note for future reference. While speaking to my buddy Jeff Macke, Jim Rogers noted that he began shorting US govt bonds today.
He's definitely trying to fade near term strength.
no positions
Monday, June 13, 2011
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When "C" — a citizen — purchases debt from "G" — the government — G slaps a claim on C's and every other citizen's property in order to repay C.
C and his compatriots are on the hook. Claims on the debt weaken property rights by allowing government to further encumber private property with its own lien.
~Stephen Mauzy
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