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The rest of the world holds enough of the US debt that no one would have to fire a shot for parts of the world to retaliate. Looking at the rise in Tbill yields
by ferdo 13y ago
The rest of the world holds enough of the US debt that no one would have to fire a shot for parts of the world to retaliate. Looking at the rise in Tbill yields, it may have already started on some level.
- fnordfnordfnord 13y agoThat sword cuts both ways. I think we're betting that the other side is less willing to tolerate global impoverishment than the others, and to what degree. I hope we don't push it to the degree that China decides to call our bet.