I don't want to start a market panic here. But it's safe to say that much of Washington finds the low, low yields on Treasurys "” which represent the market's serene confidence that the U.S. can handle its debts "” a little baffling. Senior government officials have told me they think Treasurys are probably a bit overpriced, which is a bit like the executives of GE privately wondering why investors are so sure they won't go bankrupt. The investors might be right, but it's not comforting to hear.
Source: http://www.realclearpolitics.com/2011/03/31/govt_shutdown_would_erode_market039s_trust_253001.html
Gloria Arroyo Joe Biden Abdullah bin Abdulaziz al-Saud King Abdulla Osama bin Laden
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