Shutdown more effective than QE?

In Tamil Nadu since Saturday. Been visiting some temples with wife – fourth year, we have done this. Finished the tour this afternoon and am now in Chennai. Catching up with Rahul Gandhi’s theatre, Nawaz Sharif’ comments about the Indian PM, Lalu’s arrest, US government shutdown, etc.

Saw this header in Bloomberg:

U.S. 10-Year Yields Near 7-Week Low as Shutdown Looms

Looks like, if the government is permanently shut down, the yield can go to 0.0%.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s