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Death cross brewing in bond market
Monday, May 20, 2013 11:53 am
Investors have been dumping bonds lately, but a little-known technical indicator suggests that may not last for long.
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How many folds?
Last week, we asked our Facebook Fans and you through the poll on our website:
"The average dollar bill is meant to take up to how many folds in each direction before it rips?"
The results:
| Answer choices: | Facebook Results: | Website Poll Results: |
| 500 | 25% | 17% |
| 1000 | 50% | 28% |
| 4000 | 25% | 30% |
| 8000 | 0% | 23% |
And the correct answer is:
4000 Folds!
Can you believe that? According to the United States Treasury, you can double fold (first forward, then backward) a bill up to 4000 times before it rips! The reason is because currency paper is 25% linen, making it rip-resistant.
I wonder if that number decreases if the bill has been washed!
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