U.S. Treasuries have always been seen as a "safe" investment, backed by the full faith, and credit of the U.S. government."
Yet with worries about the debt ceiling, and the possibility of a downgrade of U.S. debt, we have seen the continued move down in yields on U.S. Treasury debt. Many market pundits can not explain this move, but there is very one simple, albeit very negative reason why.
We are starting the first leg of another recession, just two years after the "Great Recession" ended, at least if you believe the U.S. government.
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