Serious question of debt financing- William Pesek
No one seriously expects the U.S. to default on debt. Yet issuing foreign currency-denominated Treasuries could reduce the perceived risk of holding U.S. debt.
"The U.S. cannot finance its deficit by itself," Mizuno told Asia Times Online last week. "The U.S. financial system cannot survive without foreign investors. We will see Obama bonds in the future." |
Read the rest of the story HERE:
At www.bloomberg.com
Margaret Bassett passed away August 21, 2011. She was a treasured member of the Opednews.com editorial team for four years.
Margaret Bassett--OEN editor--is an 89-year old, currently living in senior housing, with a lifelong interest in political philosophy. Bachelors from State University of Iowa (1944) and Masters from Roosevelt University (1975) help to unravel important requirements for modern communication. Early introduction to computer science (1966) trumps them. It's payback time. She's been "entitled" so long she hopes to find some good coming off the keyboard into the lives of those who come after her.
