Dear investors:
Please take a look on this news:
http://www.bloomberg.com/apps/news?pid=20601015&sid=a7TCuxaJcJDE&refer=munibonds
Now even the municipal bonds, traditionally not very coupled with national economy and has a stable interest rate, has its rate surges to a 6-year high. Sometimes they cannot even find the buyers. The distrust on US system is strong. Even if the 700b bailout is established and restore the creditability to the system, inevitably USD holders will not hold for long despite not many where else to go.
David
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