Really? Treasuries Are Still the Place to Be

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Last week when the S&P was tipping its hand that it would downgrade U.S. sovereign debt, I was amazed that investors stll poured into the securities --- while selling everything else. A friend, who was a hedge fund analyst (he's currently unemployed), put it this way: "U.S. debt is the best house in a very bad neighborhood." See the quote of the day, a similar sentiment, from today's WSJ.com.

From a story, Treasurys Rally as U.S. Debt Remains Go-To Haven: "Double-A plus is the de facto triple-A," said James Paulsen, chief investment strategist at Minneapolis-based Wells Capital Management, which manages $342 billion. "There is a lot of fear in the markets right now and Treasurys are still the place to go."

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What's Von Aldo?

REP. Editor-in-Chief David Aldo Geracioti on the business of Wall Street from a free-market perspective.

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David Aldo Geracioti

Is the editor-in-chief of REP. magazine.  He is also a devotee of the Austrian School of Economics leading lights Ludwig von Mises, Friedrich von Hayek, Murry Rothbard and to other thinkers in...
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