Siete
Platinum Member
- May 19, 2014
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imagine that .........
Bonds plunge by $1 trillion this week on Trump election
Trump's proposal stunned the financial world. The U.S. government is the world's safety net. Lenders expect the U.S. Treasury to always make good on its payments.
"The global financial system is built on the notion that U.S. Treasuries are absolutely safe assets," economist Doug Holtz-Eakin told CNN's Jake Tapper Monday. "If he were to put a crack in that foundation, the global financial system would crater and we would have a global economic recession."
Bonds plunge by $1 trillion this week on Trump election
Trump's proposal stunned the financial world. The U.S. government is the world's safety net. Lenders expect the U.S. Treasury to always make good on its payments.
"The global financial system is built on the notion that U.S. Treasuries are absolutely safe assets," economist Doug Holtz-Eakin told CNN's Jake Tapper Monday. "If he were to put a crack in that foundation, the global financial system would crater and we would have a global economic recession."