Do Not Worry, The World Cannot Get Enough Of US Debt

Discussion in 'Economics' started by libertad, Feb 17, 2009.

  1. Wow good article. If what it says is true, then my whole conception of what I thought of economics will change.

    The counter argument though is that what worked in the 1980s, increased leverage, cannot work anymore. At some point, interest payments will become too great. We simply need to deleverage before we can use the magic pill of debt to cure a future recession.
  2. zdreg


    article is extrapolation nonsense.
    today america sneezes china get a cold.

    china will adjust.
    in 20 years america will be too poor to buy Chinese products.

    Japanese and german products are practically unavailable in the states.