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Defecits don't matter, until all of a sudden the ability to sell debt is limited. While the US continues it's current policies, I don't see that in the immediat
by InTheArena 7y ago
Defecits don't matter, until all of a sudden the ability to sell debt is limited. While the US continues it's current policies, I don't see that in the immediate future.
However, one day soon that will stop... and then people will notice that sovereign debt far outpaces any other form of non-secured credit.
- onlyrealcuzzo 7y agoI doubt anyone in their right mind views a KSA backed bond anywhere near as safe as the US. The only meaningful revenues KSA has is from Aramco, and Aramco only has 40 years of oil reserves left at current production levels. Their 30 year bonds should have very high yields.