Reporters and (apparently) readers have a hard time differentiating between the different fields within finance, and so they happily treat comments made by people like internet analysts (!) as representing "what the markets think" about government fiscal ratios. Since bad fiscal analysis is more exciting than good analysis, that is what appears in the media.
Very Quick Justification
I am not going to give a long explanation of why you cannot analyse a "sovereign" (see comment below) like a corporation here. I will instead offer a simple example of how the logic in one area is diametrically opposed...Bond Economics
Note To Reporters: You Cannot Analyse A Sovereign Like A Corporation
Brian Romanchuk
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