[rabscuttle385]

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[DrC]

“The larger threat, of whether U.S. bonds could be put on credit watch, and downgraded, like Canada in 1992, or Denmark in 1983, seems remote.”

Remarkable given the $104 trillion in entitlements debt that we face:
http://conoverc.wordpress.com/2009/05/13/119/
Perhaps the bond markets foolishly believe The One will be able to perform a fiscal miracle of the loaves and the fishes.