Standard & Poors downgraded US debt late last year and the effect so far has been laughably counter-intuitive.
TBT
Notes from the DoubleLine Lunch with Jeffrey Gundlach
“I’m not a policy maker, I am a steward of other people’s capital and I’m here to outperform.”
Bill Gross: "The New Normal Minus"
Video.
S&P Downgrades the United States
“The downgrade reflects our opinion that the fiscal consolidation plan that Congress and the Administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government’s medium-term debt dynamics.”
Pimco's Love-Hate Relationship with Treasurys Continues
Pimco’s flagship fund Total Return has been buying Treasurys again