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To: MythMan who wrote (411051)	10/14/2010 10:42:06 AM
From: Horgad	Read Replies (1) \| Respond to of 436258

True that, lots of crappy balance sheets out there (has been for a long time), but countries still seem to get taken out one by one more or less. Lose confidence and flee from one and the rest get a little stronger from the inflows. I guess a bunch of them could all go at once if the whole bunch fled at once from Western FIAT in general in the same direction (Asia?, Commodities?). And we are kind of doing that now, but in a controlled melt sort of way. I am talking about the final wash out, accelerating death spiral, last gasp shit that seems to target one victim at a time or at least used to in days gone by. So I guess the answer is "no there is no particular reason for it to be the US or the US alone, but herd mentality, to me, seems more likely too pick one target at a time and then take them out swiftly." In any case, I like to think that it is a low probability event at this time and instead the current "controlled" rebalancing act continues, but still the possibility for the death spiral is there and frankly it scares me...