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This scenario you describe will probably happen, but most likely not in the next few years... Our debt-to-GDP ratio simply isn't high enough yet. However, when
by drcode 13y ago
This scenario you describe will probably happen, but most likely not in the next few years... Our debt-to-GDP ratio simply isn't high enough yet.
However, when it does happen it will happen very suddenly and will be completely unexpected (when the US fails to find enough buyers in a round of debt sales) so the timing is hard to predict.
- digitalengineer 13y ago>when the US fails to find enough buyers in a round of debt sales Doesn't the US itself already buy up the largest part of their own debt?
- cdash 13y agoYes, it does. http://upload.wikimedia.org/wikipedia/commons/1/17/Estimated_ownership_of_treasury_securities_by_year.gif http://upload.wikimedia.org/wikipedia/commons/1/17/Estimated... I don't know where an up to date image is but that goes to 2008.