Sunday, March 21, 2010

Treasurys No Longer Safest?

Bloomberg notes that the yield on bonds from fabled investment company Berkshire Hathaway now have a lower yield than Treasury notes of similar maturity.

For the uninitiated, this means that global investors figure it's more likely that the US Government will default on its debts than Warren Buffet.

A consequence of runaway spending and the piling on of debt, this episode surely, surely will be reversed when the deficit-reducing power of ObamaCare kicks in.

Alexander Hamilton, we are so sorry for what we have done!

No comments: