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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: gregor_us who wrote (63000)6/9/2006 2:35:01 AM
From: John Vosilla  Read Replies (1) of 110194
 
'The only thing keeping up the dollar and T-Bonds is a moderately functioning US economy. It's musical chairs, but it works. It's a facade that make global holders of T-Bonds believe we can service the debt.'

I bet the maestro fooled Ben into believing the US would never have to worry about that. We owe them too much already.

The guy who owes a bank $1k is in big trouble if he defaults. When another guy defaults on $100M to that same bank it is the bank that is in trouble<g>
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