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

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To: Wyätt Gwyön who wrote (89169)	11/25/2007 10:25:45 PM
From: orkrious	Read Replies (2) of 110194

Argentina was a different situation because they issued debt in a currency they could not print (USD). good point. they aren't analogous situations. the problem is similar in that we have debt we can't service. we're going to try to print our way out of it. they couldn't do that. but the rest of the world may not accept our trying to inflate away our debts. if that happens, our interest rates should start heading north in a hurry, which with all of our debt will cause many of the same problems they have there. our society may not have an identical implosion, but we're going to have some fireworks. I expect quite a bit of civil unrest and much higher crime. I hope we don't have Argentina-type problems, but I'm not convinced it won't happen.

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