Insanity on the Potomac, U.S. Treasury Bond Investors Recoiling in Horror!

Interest-Rates / US Bonds
Dec 19, 2010 - 06:43 AM

By: Martin_D_Weiss

Given the insanity on the Potomac last week, I cannot imagine a time when a clear vision of the future would be more crucial.

At 1600 Pennsylvania Avenue, President Obama signed a new fiscal package, which …

is virtually designed to add $858 billion to the federal deficit …

is likely to cost much MORE if events do not pan out as planned, and worst of all …

is not tied with any plan for long-term fiscal restraint.

Simply put, our leaders figure they can deal with the deficit “later.â€