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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: glenn_a who wrote (12528)	4/23/2004 11:11:53 PM
From: gregor_us	Read Replies (1) \| Respond to of 110194

No I'd Have to Agree With That Difference. That is a key difference which I left out of my musings. But here's the irony: Although the US is now a debtor nation, the world continues to behave as though "they" were in debt to us. We keep selling the world our useless product ("US Dollars") and they keep making payments to us in installments ("real goods"). Everyone is afraid to call us The Debtor. But aside from my playfulness with the subject, I would point out this game can be played for much longer than people imagine.