Please read the following article:
https://www.reuters.com/article/2011/08/08/markets-bonds-idUSN1E7771F020110808
Please answer the following questions based on the article and what you had learned about portfolio problem (Chapter 7):
(a) Are people irrational to choose U.S. bonds over others even after being downgraded?
(b) Why would an individual choose at this moment (recession) choose U.S. bonds particularly more? Explain