SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Politics for Pros- moderated
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Bearcatbob who wrote (356825)3/31/2010 2:37:49 PM
From: Nadine Carroll  Read Replies (1) of 793759
 
Richard Haass of the CFR is worried about the bond market vigilantes:

Haass isn’t worried about the Chinese dumping U.S. debt abruptly. “It’s in the best interest of the Chinese to act cautiously,” says Haas. “They want political stability, which requires high employment, which means exporting to the U.S. They don’t want to weaken our economy. And we need them to buy our debt. In a sense we are in a mutual hostage relationship.”

Haass’ nightmare scenario is that bond market vigilantes will push market interest rates up dramatically, cutting off the recovery and sending the nation even deeper into debt. That in turn would make it tougher for the U.S. to maintain its defense and foreign aid budgets, and to invest in its people and infrastructure. “Rising deficits mean we cannot invest in our future,” says Haass. “And we cannot remain a world leader if we cannot invest.”
thefiscaltimes.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News