BOSTON ( TheStreet) -- On March 28, after a week that saw the Dow Jones Industrial Average jump 3%, money manager Jeffrey Sica predicted that the borrowing and spending by the U.S. would prompt a downgrade of U.S. debt. Four months later, it appears that gloomy prediction will come true.Even if a short-term compromise on the debt ceiling is reached, Sica is bracing for a downgrade of U.S. debt by credit ratings agencies by making what some have called unpatriotic bets: short U.S. Treasuries, short the U.S. dollar, move to higher levels of cash and buy commodities like oil, silver and gold. Sica is president and chief investment officer of Morristown, N.J.-based Sica Wealth Management, a firm with about $1 billion in assets under management.
How to Trade a U.S. Debt Downgrade
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