Friday, August 5, 2011
T-Bills and the "Full Faith and Credit" of the USA
How about that market play yesterday and today?
Isn't it fascinating that yesterday, amidst all the hysteria, investors sought refuge in T-Bills ... still ... even when returns went slightly negative for a short time?
Do you think that will convince radical pundits, extreme think tanks, and truly naive congressman to never, ever, ever f*%# around with the "full faith and credit" of the United States government again?
I would certainly hope so - but I doubt it.