Is U.S. Debt Junk? - or is it CNBC

this is the CNBC video of Erin Burnett's spat with Michael Pento of Euro Pacific Capital on the merits of US Treasuries.

Looks like someone doesn't like it when you poke a hole in their fantasy world...

The best part of the video, however, is not that.

It is when the other guest, Joseph Balestrino of Federated Investors, says:

"Nothing is in a bubble when people want to buy it.."!!!  

Go tell that to the guys that were buying the NASDAQ/loading up on tech stocks  in January 2000 or (and, as they were probably the same old fools) buying/flipping homes in California, Florida, etc during 2007!!

Airtime: Tues. Sept. 7 2010 | :40:0 10 ET



Is U.S. Debt Junk? - CNBC.com

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