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05-28-2009, 04:12 PM #1
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Dollar Is Dirt, Treasuries Are Toast, AAA Rating Is Gone
Dollar Is Dirt, Treasuries Are Toast, AAA Is Gone: Mark Gilbert
Commentary by Mark Gilbert
May 21 (Bloomberg) -- The odds on the dollar, Treasury bonds and the U.S. government’s AAA grade all heading for the dumpster are shortening.
While currency forecasting is a mug’s game and bond yields can’t quite decide whether to dive toward deflation or surge in anticipation of inflation, every time I think about that credit rating, I hear what Agent Smith in the “Matrixâ€Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
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