GM's bankruptcy is old news by now, and in fact it's been a slow-motion train wreck since the first bailout payment last year. Check out my blog postings at that time for my take on the inevitable outcome.
Let's move on to something else that's inevitable . . . the collapse of the U.S. bond market:
Folks, that demand will dry up as soon as China has had its fill of sales pitches from senior U.S. government officials. They are quietly finding other stores of value to buy, like commodity sources in emerging markets.
Okay, so this is a thin post. I'm pressed for time today.
Nota bene: Anthony J. Alfidi has never owned GM stock and does not currently hold U.S. Treasuries.
Let's move on to something else that's inevitable . . . the collapse of the U.S. bond market:
For all the hand-wringing over the dollar’s slide, the expanding U.S. deficit and the nation’s AAA credit rating, the bond market shows international demand for American financial assets is as high as ever.
Folks, that demand will dry up as soon as China has had its fill of sales pitches from senior U.S. government officials. They are quietly finding other stores of value to buy, like commodity sources in emerging markets.
Okay, so this is a thin post. I'm pressed for time today.
Nota bene: Anthony J. Alfidi has never owned GM stock and does not currently hold U.S. Treasuries.