Are Any Treasury ETFs Safe?
July 21, 2011 at 09:42 AM EDT
Your heroes in Washington D.C. are locking horns about the government debt. If they don’t reach a deal very soon, the Treasury may have to stop borrowing money next month. This is, of course, exactly what the Treasury should have done a long time ago, in my opinion. The national debt is out of control. Instead of making tough decisions, Congress and the White House have stalled for decades. They can’t do this forever — which is why Weiss Ratings downgraded U.S. government debt from C to C-minus last week. I don’t know how it will all end. But here’s what I do know: If you own Treasury ETFs, you’re on the wrong end of a potentially bad . . . → Read More: Are Any Treasury ETFs Safe?