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Strategies & Market Trends : The coming US dollar crisis
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To: gregor_us who wrote (26984)2/11/2010 3:26:05 PM
From: Real Man  Read Replies (1) of 71409
 
Sovereign bonds are strange animals, but, most certainly,
the precarious situation will result in a combination of
default and print fest. I would think print fest is more
likely in debt-overburdened single currency nations like
UK or the US, although some austerity measures will also
be adopted.

Sovereign debt in the US simply can't handle higher rates
without blowing up

In other words, the path lies somewhere in between devaluation
and default (or both! I think US entitlements, SS and Medicare
will see "reform" that will amount to a partial default),
and the action of the printing press must be
followed very closely, although it may become even more
obscure in the future than it is now.
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