GovernmentAuctions

1995 Rolls Royce Silver Spur IIIEver wanted to own a luxury car that's usually reserved for royalty and foreign dignitaries? Now you can get the chance at GovernmentAuctions.org. a beautiful 1995 Rolls Royce Silver Spur III now currently available for online auction courtesy of the U.S. Marshals. This handcrafted luxury vehicle comes standard with power windows, power windows, power seats, power door locks, power brakes, cruise control, air conditioning, leather seating, hardtop roof, AM/FM radio, CD changer in the trunk, factory brand stereo, alarm system, premium factory wheels, and just over 31k miles. The vehicle itself is in fantastic aesthetic condition both inside and out, but only requires a new battery in order to be up and running again. The current asking price for this Rolls Royce is just $23,500 with no bids as of yet. The car is currently being held in Las Vegas, and the auction will be ending in just a few short weeks so be sure to activate your 3-day free trial account now.

Thursday, February 5, 2015

Treasury Borrowing Advisory Committee Recommends Reduced Treasury Bill Issuance

On February 3 the Treasury Borrowing Advisory Committee of the Securities Industry and Financial Markets Association sent a letter to the Secretary of the Treasury. The bulk of the letter was about figuring out a way to tighten monetary policy without raising rates. The letter discusses the continued expansion of the economy, though at a slower pace. The letter also cites a steep decline in energy prices as being a catalyst for consumer spending growth which was the fastest it's been since 2006.  Here's an interesting quote from the letter pertaining to labor the fed funds rate:

In recent statements, the FOMC has indicated that it can be patient before raising the federal funds rate. After its late –January meeting, the FOMC upgraded its assessment of domestic economic conditions, but also noted that international developments will be factored in when considering the date of the first interest rate increase. In public speeches, some FOMC members have signaled that mid-year 2015 could be a reasonable time for such a move, should growth and inflation dynamics evolve favorably over the coming months. But a large degree of uncertainty remains on this front, while commentators and market pricing increasingly point toward a later date.

The group also mentions the looming debt ceiling debate:

Another complicating factor is the debt ceiling requirement. On March 15, the debt ceiling will automatically be increased to include the amount of borrowing that occurred during the suspension period (February 8, 2014 to March 15, 2015) but Treasury is expected to reduce its the cash balance essentially to the level it was on February 8, 2014, approximately $30 billion.
As the March 15 date approaches, the Committee recommends that the Treasury absorb excess cash above the required amount through reduced Treasury bill issuance.

It's the last sentence that's most interesting. Reduced Treasury bill issuance is akin to raising rates. All signs point to raised rates in 2015. To read the letter in its entirety, click here.
GovernmentAuctions

Gerber Pocket KnivesGet ready for summer fishing trips with this assorted lot of 30 Gerber knives. These fine-quality knives are not only perfect for knife enthusiasts, but also for collectors. They’re also ideal for buyers who want to flip the knives individually for a profit. These knives come in an assortment of various sizes, colors, types, models, and conditions. They also include both fine and serrated blades. The knives all appear to be in great shape but an inspection of this auction is still strongly encouraged prior to bidding. The current asking price for this bulk auction is just $137 with 3 online bids already placed and just 2 days, 20 hours, and 36 minutes remaining. To find out more about this deal, simplyactivating your free trial now.