You know, if you had told me a year ago that on august 5, 2011 S&P would downgrade the U.S, and the 10-year treasury would yield 2.5%, I would have laughed at you. I would have said that while there were possible futures in which each of those things happened, they were disjoint futures.--Brad DeLong
Saturday, August 6, 2011
An AAA-rated quote
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