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Tuesday, April 5, 2011

U.S. Fails Fiscal Fitness Test

Big money is getting out of Treasury's for a reason. Speculation says it is due to possible default by the U.S. Others say it is just a prudent move and things they do as portfolio managers. I find it interesting that it really hadn't made the press in the past if they had dumped them on a large scale before. Actually in summer of 2009, they actually recommended getting out of corporate bonds and in to U.S. Government securities.  David Walkers (Fmr. U.S. Comptroller General) says the U.S. has failed his Fiscal fitness test and is heading for trouble.

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