Republicans Take Risk in Debt-Ceiling Brinkmanship (Silver) as PIMCO [Pacific Investment Management Company, LLC (commonly called PIMCO)], a large global investment management firm, shorts U.S. government-related debt. (Reuters)
PIMCO has shifted to a short position in U.S. government-related debt in the world's largest bond fund, while also raising cash holdings in a sign of the asset manager's serious concerns about the U.S. fiscal outlook.These idiots are purposefully inflicting harm on the American economy, though in 2003-and on as Bush-Cheney took aim at America's fiscal health, the GOP was only too happy raise the debt ceiling repeatedly.
