May
22
2009
Dollar and Treasuries Are Toast
Posted by: in Forex Information, tags: Aaa Grade, Agent Smith, Anticipation, Bond Yields, Credit Rating, Currency, Deflation, Dollar, Dumpster, Excerpt, Game, Heading, Inevitability, Inflation, Investors, News Sources, Odds, Toast, Treasuries, Treasury BondsNews Sources wrote an interesting post today on
Here’s a quick excerpt
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 “Matrix” movies called “the sound of inevitability.” Several policy missteps suggest that investors should stop trusting — and
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