I could have drawn this chart myself but someone beat me to it (Michael Swanson posted on Safehaven.com). Check out what happened to T-bills.br /br /a onblur=”try {parent.deselectBloggerImageGracefully();} catch(e) {}” href=”http://2.bp.blogspot.com/_0kPlZMvFr70/R-MHtnciRPI/AAAAAAAAABg/CzHcNiUXsww/s1600-h/chart1march20.png”img style=”margin: 0px auto 10px; display: block; text-align: center; cursor: pointer;” src=”http://2.bp.blogspot.com/_0kPlZMvFr70/R-MHtnciRPI/AAAAAAAAABg/CzHcNiUXsww/s320/chart1march20.png” alt=”” id=”BLOGGER_PHOTO_ID_5179992476670379250″ border=”0″ //aThe low yield Wednesday when this huge rickshaw man doji candle formed was 0.65. Today, it dipped to 0.20 before closing at 0.50. That does not even give a positive after tax return let alone deal with inflation. Yet everyone stampeded like wildebeest with lemming guidance systems into the safest investment that ever existed.br /br /Gee, you think that’s why commodities sank? Or emerging markets cratered this week with nary a recovery today?br /br /The credit crisis cannot be close to over.
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