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


To: CalculatedRisk who wrote (71208)10/7/2006 10:18:24 AM
From: Tommaso  Respond to of 110194
 
>>>If foreigners start demanding U.S. debt be paid in other currencies (like what happened in Argentina) ... that would be crushing ... but I doubt that will ever happen.<<<

They can't. Unless the U. S. government itself starts issuing bonds denominated in, say euros. I keep wondering when a new issue of treasury bonds will simply fail to be sold.