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


To: Kailash who wrote (48205)12/26/2005 10:36:52 PM
From: GST  Read Replies (1) | Respond to of 110194
 
Defaulting on debt works even less well for a country than it does for an individual. The US lives off credit as much as it lives off of oil. Default on loans, whatever the mechanism, and you will pay the price -- and the price will be steep.