US returns to well, finds it drying.
The world’s fifth-largest pension fund will no longer buy US Treasuries because yields are too low. The move signals what could be a big shift by financial institutions away from US government debt into higher-yielding assets.
Looks like the South Koreans crunched the numbers and found that our debt isn’t worth the paper its constantly printed on. Cat’s outta the bag now, folks. We’ll soon be suffering what our leaders deserve to get.