All Commentary
Monday, March 22, 2010

U.S. Bond Rating at Risk

“The $2.59 trillion of Treasury Department sales since the start of 2009 have created a glut as the budget deficit swelled to a post-World War II-record 10 percent of the economy and raised concerns whether the U.S. deserves its AAA credit rating. The increased borrowing may also undermine the first-quarter rally in Treasuries as the economy improves.” (Bloomberg, Monday)

Apparently, even under the Obama Administration, there is still no such thing as a free lunch.

FEE Timely Classic:
Let’s Liberate Money” by Ernest G. Ross