Clueless

Moneyweb article on US downgrade:

The ratings downgrade should have come as no surprise. The markets have been predicting a downgrade for the past fortnight.

Yes, we’ve all been talking about it, but the DECLINE in US bond yields over the last fortnight is the compete OPPOSITE of “the markets predicting a downgrade”.

I’d love to know what the journalist, Sasha Planting, was actually thinking when she wrote those words.