KIBU, the treasury market doesn’t give a damn either.
If we were posting 5% growth in gdp, do you think the stock market would have sold on the s&p “news.”
The stock market is going for a rout because our gdp numbers are so bad and the bond vigilantes are having their way with the PIIGS (italy is now in this grouping it appears, hence the extra “I”). The global markets are melting down before the american ones, and not because of our downgrade.
