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Politics : Mainstream Politics and Economics -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (33557)	11/7/2012 12:12:34 PM
From: Thehammer	Read Replies (1) \| Respond to of 85487

I was replying to your comment about not repaying our debt and the implication that default would not have any implications for you - not about the current state of interest rates. Interest rates have remained low for a lot longer than I thought but commodity prices are surging with QE1 to ~. The other issue is that while true we can borrow at historically low rates, we eventually have to roll over the debt at potentially higher rates. That would make the debt servicing a lot more onerous.