Dr Peter Morici: Investors should be wary of buying US Treasuries
Nov 28th, 2011 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Dr Peter Morici: The Super Committee’s failure to compromise on $1.2trn in budget savings won’t much affect the deficit and US credit ratings—or the interest rates and prices of US Treasuries. Still investors should limit holdings of those securities—the long term outlook is not good.