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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: John Vosilla who wrote (71200)10/6/2006 3:13:14 PM
From: CalculatedRisk  Read Replies (1) of 110194
 
Luckily for the U.S. the debt is in U.S. currency. For Argentina, their debt was in dollars - so there is a vicious cycle.

If foreigners start demanding U.S. debt be paid in other currencies (like what happened in Argentina) ... that would be crushing ... but I doubt that will ever happen.
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