Anybody who thinks that Japan or China’s selling off its Treasuries will create a problem for the United States, as reported here at Bloomberg, does not understand how the Treasury and Federal Reserve work. It reminds me of nothing so much as that scene in Blazing Saddles in which Cleavon Little escapes by pointing a gun at his own head and holding himself hostage.
Try another explanation of the action. I’m guessing the problem is yield.
Not exactly the point, but while Cleavon Little was fine, it should have been Pryor. Pryor largely invented modern stand-up comedy. I don’t think there’s a stand-up around who doesn’t genuflect in the direction of Richard Pryor.
Pryor was definitely one of the greatest, but I think Cleavon’s straight man performance was perfect for the role. Pryor would have overwhelmed the film with Pyrorisms. In short I think the role required an good actor and not a great comedian.
BTW, I find it hard to imagine a movie like this could be produced today. Mel Brooks is a national treasure.
Pryor may get credit for stand up, but I have to agree with Andy here that Little’s acting ability here helped make the movie work. I think he shared the screen better than Pryor would and still had strong comedic skills. Hope Brooks gets a lifetime achievement Oscar if he hasn’t already.
Steve
I’m sure there are several factors. But more precisely I suspect it’s fear of rising yield.