The United States, a nation already suffering from huge budgetary deficits has just passed a Health Care bill that will cost them billions. The result- Warren Buffett is a safer investment then Obama’s government:
March 22 (Bloomberg) — The bond market is saying that it’s safer to lend to Warren Buffett than Barack Obama.
Two-year notes sold by the billionaire’s Berkshire Hathaway Inc. in February yield 3.5 basis points less than Treasuries of similar maturity, according to data compiled by Bloomberg. Procter & Gamble Co., Johnson & Johnson and Lowe’s Cos. debt also traded at lower yields in recent weeks, a situation former Lehman Brothers Holdings Inc. chief fixed-income strategist Jack Malvey calls an “exceedingly rare” event in the history of the bond market.
Global Financial Crisis? That was just the warm up act to the coming Global Financial Catastrophe.
Also this has been around for some time but I only saw it today: