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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Wyätt Gwyön who wrote (2446)11/19/2003 4:58:06 PM
From: russwinter  Read Replies (3) of 110194
 
<NO WAY the US would have to default on sovereign debt>

I don't think I've ever used the term, "default" in any of my discussion on this. In fact I looked over my posts just in case, and you know, it's just not there, so that's not the point of discussion. Instead, I'm zeroing in on cost of money, interest rates, and credit risk that foreigners will demand. The US will have to defend itself against this, and you don't do that by printing more money, unless you really want a panic.
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