Friday, May 29, 2009

Abandoning US Treasuries

Costs of borrowing are set to rise dramatically for the US government and consequently for everyone and every business in the US if market predictions hold true - from Paul Kedrosky: "In short (no bond pun intended), rates are going up in spiffy fashion as investors decide that Treasuries aren't really that much fun for holidaying any more. Next crisis they want to vacation elsewhere."

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