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Tentative Debt Deal Reached

• sixtypoundhound 15y ago
  The puppet theater continues. However, one thing caught my eye: "10-year Treasury notes declined 15 basis points to 2.79 percent." That's one of the lowest real interest rates for the public debt for a major country in long term economic history. It won't last forever. Of course, not sure we want to emulate the other country with debt at those levels (Japan and the lost decade).
• jerrya 15y ago
  Owing to the neglect of our defences and the mishandling of the German problem in the last five years, we seem to be very near the bleak choice between War and Shame. My feeling is that we shall choose Shame, and then have War thrown in a little later, on even more adverse terms than at present. -- Winston Churchill, 1938