Discussion in 'Economy' started by KissMy, Aug 25, 2010.
Morgan Stanley Says Government Defaults Inevitable
#47 United States 52% debt 2009.
has now moved to...
#25 United States 63% debt 2010.
See how that works? Please try to keep up!
Either the Government INFLATES the holy Heebejeebus out of our currency in order to repay the debts with cheaper currency (not really an option right now)...or they default on obligations.
The treatment of the GM bondholders was both a test case and a warning.
Yup let's get those bet's down against bond, the bubble will burst.
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