desj@brahms.Berkeley.EDU.UUCP (03/01/87)
In article <4724@shemp.ucla-cs.UCLA.EDU> gunzler@LOCUS.UCLA.EDU (Mitch Gunzler) writes: > (Actually, the current deficit corresponds quite closely to foreign >purchases of U.S. Treasury paper.... Everyone in the world has been >buying our paper - because we've offered ridiculously high rates, >approaching 20% on long term bills.) Mr. Gunzler doesn't let the facts get in the way of his arguments. A quick look in yesterday's paper tells me that 30-year Treasury bonds are yielding 7.51%. Of all Treasury notes and bonds, the highest current yield is May '09-'14, selling for 142.3 to yield 7.85%. But no doubt Mr. Gunzler doesn't have access to a newspaper, so he couldn't be expected to know this. -- David desJardins