2min chapter

Forward Guidance cover image

Inside Camp Kotok | David Kotok on “Disastrous and Debilitating” Effect Of Debt Ceiling on Bond Markets

Forward Guidance

CHAPTER

The S&P 500 Downgrades the US Treasury

Bloomberg had a real scoop because they were able to go live from here for five hours on a Friday night after the downgrade. And was this the year that S&P 500 downgraded the US Treasury? No, that was a Bloomberg year. Okay. So we finished. It's nine o'clock in the morning. People are headed out. Somebody pulled a car in right in front of the lodge and blocked the live truck. You can't get out of there if you're blocked in and there because that big rock on the other side. The bottom line was the guys running the live truck were stuck here all day. They gave him some lunch and they had to hang out until somebody

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