Negative interest rates are here

November 2, 2010 | By | 1 Reply More

Step right up and buy a bong that pays negative interest:

The U.S. government, for the first time, has sold bonds that have a negative rate of return, as investors seek protection against the threat of inflation.

The government sold $10 billion worth of the bonds Monday. Investors paid $105.50 for every $100 of bonds they bought, effectively agreeing to pay the government for the privilege of lending it money.

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Category: Economy

About the Author ()

Erich Vieth is an attorney focusing on consumer law litigation and appellate practice. He is also a working musician and a writer, having founded Dangerous Intersection in 2006. Erich lives in the Shaw Neighborhood of St. Louis, Missouri, where he lives half-time with his two extraordinary daughters.

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  1. Ben says:

    What is the government smoking?

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