“Rising Rates Reveal Debt Reality” – Pento
“The Fed’s lucky streak of luring bond investors with low interest rates may be drawing to a close. Nevertheless, the extended period of low borrowing costs has bred a new breed of investor. To the bulls and bears, we can now add the ostriches – those who bury their heads in the sand of declining debt service ratios while refusing to face up to intractable levels of total US government debt. If these ostriches were to actually look at the numbers, they would realize that it is their investments which are made of sand.” Read more.
“Rising Rates Reveal Debt Reality”
Michael Pento
Forbes, December 30, 2010.
Image by Peter Oresved / FreeDigitalPhotos.net.
