Share on Google Plus Share on Twitter 1 Share on Facebook Share on LinkedIn Share on PInterest Share on Fark! Share on Reddit Share on StumbleUpon Tell A Friend 1 (2 Shares)  
Printer Friendly Page Save As Favorite View Favorites (# of views)   1 comment

OpEdNews Op Eds

Treasury Yields are Blinking Red

By       Message Mike Whitney     Permalink
      (Page 2 of 2 pages) Become a premium member to see this article as one long page.
Related Topic(s): ; ; , Add Tags Add to My Group(s)

View Ratings | Rate It Headlined to H3 1/30/11

Author 33
Become a Fan
  (46 fans)
- Advertisement -

The United States will not default because it pays its debts in its own currency, (and the Treasury can always just print more money) but the prospect of a ratings downgrade is quite real. That means it would cost considerably more to finance the debt. Also, long-term interest rates will rise sharply. That will crimp consumer spending, slow economic activity, and deal a death blow to the struggling housing market.

Bernanke's playing a dangerous game. If he's not careful, he could trigger a run on the dollar.

- Advertisement -
- Advertisement -

Next Page  1  |  2


- Advertisement -

View Ratings | Rate It

Mike is a freelance writer living in Washington state.

Share on Google Plus Submit to Twitter Add this Page to Facebook! Share on LinkedIn Pin It! Add this Page to Fark! Submit to Reddit Submit to Stumble Upon

Go To Commenting

The views expressed in this article are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Writers Guidelines

Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
- Advertisement -

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

Class Warfare Scoreboard -- Guess Who's Winning?

Newt's Victory: Was it a "Surge" of popularity or faulty voting machines?

Is Fukushima's Doomsday Machine About to Blow?

Troublemaking Washington: Pushing Ukraine to the Brink

Dominique Strauss-Kahn was trying to torpedo the dollar

Unraveling the Welfare Safety Net - Europe Moves Closer to Banktatorship