> -----Original Message-----
> From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On
> Behalf Of John Williams
> Sent: Monday, September 29, 2008 3:27 PM
> To: Killer Bs (David Brin et al) Discussion
> Subject: Re: My contribution to the bail-out
> 
> John Williams wrote:
> About the only other people making money today
> were the gold-bugs and (oddly) the dollar bulls.

In the last month or so, the 1 month T-bill rate fell a factor of 10.

http://www.ustreas.gov/offices/domestic-finance/debt-management/interest-rat
e/yield.shtml

Once told to me, the reason is obvious: flight to quality during a panic.
Do you differ? 

Dan M.

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