4 week treasury bills yields are at 0%

[○∙◄☻¥tπ[╪AV┼cVê└]

Want to give the government a 28 day interest free loan? LOL.

http://www.treasurydirect.gov/RI/OFBills

[Snowguy716]

Put it under the mattress!

[opebo]

What I don't understand is why the Federal Reserve doesn't just buy up all these offerings.  But perhaps that is what is happening with the 4-week t-bills?  It is somewhat hard to believe that actual people are buying these.. maybe its just banks that do it for some esoteric reasons.

[Lief]

Obviously this is the time to radically cut spending, because deficits at these rates would just bankrupt the country.

[Sam Spade]

What's the big deal?  They've basically been at zero for three years now.

[Link]

Obviously this is the time to radically cut spending, because deficits at these rates would just bankrupt the country.

Wow.  Someone has been paying attention and knows what is going on.  If there ever was a time to engage in a massive Keynesian experiment this is it.  All the other 101 side conversations on this forum are totally ignoring the elephant in the room.  We need the money and the interest rates are dirt cheap.  Why in God's name would anyone be talking about NOT borrowing at a time like this?!

[shua]

Obviously this is the time to radically cut spending, because deficits at these rates would just bankrupt the country.

We pay interest on the debt, not interest on the deficit.

[Bacon King]

Obviously this is the time to radically cut spending, because deficits at these rates would just bankrupt the country.

We pay interest on the debt, not interest on the deficit.

That's a silly distinction, since deficits are what cause the debt.

[opebo]

Obviously this is the time to radically cut spending, because deficits at these rates would just bankrupt the country.

We pay interest on the debt, not interest on the deficit.

That's a silly distinction, since deficits are what cause the debt.

I think shua believes that much of the debt is in some kind of older, higher-interest bearing securities.