Monday, April 5, 2010

Grant: US Treasury yields likely to rise

Today's economics video - Jim Grant of Grant's Interest Rate Observer on money and the economy:

At about 1:40 into the video Grant mentions that the U.S. Treasury last year improperly spent almost $100 billion. The sad part is that enormous sum of money was only about 5% of Treasury outlays. Imagine spending so much money you can't keep track of $100 billion. Welcome to the U.S. Treasury.

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