3 ms·
I feel canceled credit card is a too melodramatic metaphor for marginally increased cost of borrowing. What is more, the cost of borrowing for the Treasury has
by falsestprophet 17y ago
I feel canceled credit card is a too melodramatic metaphor for marginally increased cost of borrowing.
What is more, the cost of borrowing for the Treasury has actually decreased over the course of the crisis [1] to almost nothing at all [2].
1: http://www.investopedia.com/terms/f/flighttoquality.asp http://www.investopedia.com/terms/f/flighttoquality.asp
2: http://www.treasurydirect.gov/RI/OFNtebnd http://www.treasurydirect.gov/RI/OFNtebnd