Tuesday, July 26, 2011

Fire your Hedge Fund Manager: Bond Markets Would Applaud a U.S. Default

Bond Markets Would Applaud a U.S. Default: Hedge Fund Manager | Breakout - Yahoo! Finance

Good lord. No bond holder would like any default. Plus he's in the camp of "no debt ceiling increase = default" which shows just how dumb he is. If you have money with this hedge fund manager you should withdraw and find a smarter one.

I'm going to reiterate that the US has zero chance of debt default in the next 5 years and 5 year treasuries are priced as such.

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