Saturday, March 27, 2010
Bond Markets Reflect the True Cost of Obamacare
Economics item by
Offsite
Not many people noticed amid the Democrats’ struggle to jam their health care bill through the House, but in recent weeks U.S. Treasury bonds have lost their status as the world’s safest investment.
The numbers are pretty clear. In February, Bloomberg News reports, Berkshire Hathaway sold two-year bonds with an interest rate lower than that on two-year Treasuries. A company run by a 79-year-old investor is a better credit risk, the markets are telling us, than the U.S. government. Full Piece
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