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€