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“In 2011 there was more of a wakeup call to how dysfunctional politics has gotten in the U.S., and it prompted a downgrade,” Lupton says, “You still had a world in which U.S. assets were viewed as a safe haven.” Treasury bonds have good prospects in the year ahead because there has been stabilization in the private sector, but also because “there are not a lot of good alternatives,” Lupton says.
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