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: Instapundit.comVERONIQUE DE RUGY: Athens On The Potomac. ?When the markets do lose confidence in a government?s?
By Glenn Reynolds
VERONIQUE DE RUGY: Athens On The Potomac. “When the markets do lose confidence in a government?s fiscal rectitude relative to others, a crisis can arise quite quickly, forcing countries into painful political decisions. And this could very well happen to the United States. . . . And don?t forget, the United States has a far shorter maturity of government debt than most other countries, meaning that even if it weren?t borrowing extra cash it would have to issue a large chunk of new stuff over very short periods of time. In other words, the United States is like an addict always looking for his next fix.”
Full post as published by Instapundit.com on June 04, 2010 (boomark / email).
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