Pimco's Paul McCulley calls the U.S. Treasury market a "call option on Armageddon. I don’t...

|By:, SA News Editor

Pimco's Paul McCulley calls the U.S. Treasury market a "call option on Armageddon... I don’t think Armageddon is going to happen, but it’s more likely than it was a week ago." On the European crisis, he says eventually the northern countries will tire of pumping money into the southern countries, which could lead to a restructuring of the south.