Boring to most people, maybe, but not to me. Among my exciting personal goals is economic survival. That depends largely on a Yankee C-note being worth more than a Snickers wrapper.
The world's biggest bond fund isn't making me feel too good about that.
For those who won't click the link because of limited patience for market and economic jargon, a condensation will cover the main point:
These guys are pretty sure anyone buying U.S. debt (aka the Clinton-Bush-Bernanke-Obama IOU) will lose his or her ass.
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