ROOT'S ALSO A MORON

Last night, Billy Cunningham brought up a Drudge headline - "US 10-Year Treasury Yield Drops to Record Low..." - and Wayne Allyn Root said that was because no one wants to invest in America. Of course, the truth is the exact opposite:

US 10-Year Yields Hit Record Low on Spain Fears
Published: Monday, 23 Jul 2012 | 6:25 AM ET
By: Reuters

U.S. 10-year Treasurys rallied on Monday, sending yields to historic lows, as heightened fears about Spain's ability to stave off a sovereign bailout prompted investors to seek out safe-haven fixed income assets.

The 10-year yield was at 1.410 percent, its lowest level since the early 1800's, according to data compiled by Reuters.