RealClearMarkets - Uncle Sam's 'F' Rated Bonds: "That interest rate risk makes long-term U.S. Treasury securities lousy investments -- they have no place in most retirement portfolios. For rating agencies, Washington's monopoly on printing dollars makes it difficult assigning a conventional rating between AAA and D on its bonds. Those can't default but investors' capital is still at risk. Perhaps a special grade: "F" -- flee now before you get stuck."
Techno-pessimism: When will the good times return? | The Economist: " . . . As of 2005, however, something seemed to go wrong. Productivity in manufacturing slipped a bit and dropped substantially for the economy as a whole. The 2000s were also a trying period in terms of employment and wage growth. This has led some thinkers, including Mr Gordon, to conclude that the boost from IT has run its course. . . . The unknown is the unknown. So while I'm optimistic about the prospects for innovation and economic growth, it's worth acknowledging that there's no telling how it all will end up until well after the fact.
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