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Late yesterday I posted a column arguing that US Treasury notes are...and will continue to be (at least until everyone is on Medicare, SS, and Obamacare)... the world's surest thing to a risk-free investment...regardless of what ratings agencies say.
Interesting that today, while the market suffered its worst day in 2.5 years, investors fled to the safety of Treasurys. I don't know if we'll be the safe-haven in 20 years, but we sure as hell are today.
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