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Denninger: US 5yr Bond Auction Effectively Fails

07-30-2009 • Market-ticker.denninger.net

The United States' Credit Card (issued by China and Japan) is being slowly cut off. That the stock market "recovered" after this ridiculously bad auction (bow-wow is the best way to describe it) speaks to the vacuum between the ears of the cheerleaders...

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Denninger: US 5yr Bond Auction Effectively Fails

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