The U.S. Economy: Riding the Debtors' Merry-Go-Round - Seekingalpha.com

Story date: 2010-03-10 07:56:00
Added on: 2010-03-10 20:45:25

Japan buys U.S. Treasuries, the U.S. buys British bonds, and the UK buys Japanese bonds. All these auctions are “covered,” which means these Three Amigos have no problems with their massive debts – right? Wrong. The whole point is that playing ...


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