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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: GST who wrote (54055)2/18/2006 2:09:05 AM
From: John Vosilla  Read Replies (1) of 110194
 
"When the economy slows this time, there will be no way to service the foreign debt that is already on the books. There will be no way to pay it back. And there is no reason to believe that our dependence on foreign debt will lessen when the economy slows and the demands on government increase while tax revenues dwindle."

Then shouldn't this result in higher rates on the long end?
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