30 year bonds are now up 0.3%, reversing earlier losses, effectively snubbing the noses of the small handed credit analysts at S&P.
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It’s Ben the Bernank’s work. WTF does he care? Not his money.
if we responded to the S&P threat by slashing the deficit or, worse, actually reducing the national debt…
the 30 year would be one hell of a buy right here, today. because we would get one hell of a vortex, right under our feet.
one that allowed no cocaine at all