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

To: Brumar89 who wrote (55089)	10/11/2013 11:18:29 AM
From: RMF	Read Replies (2) \| Respond to of 85487

"they simultaneously issue and sell new bonds" So, you don't think the fact that the country wouldn't have enough cash to pay all its normal bills wouldn't affect that? You don't think the Chinese or Japanese might decide NOT to just rollover all their short or long term paper? Also, if we were in the situation of even a "technical" default interest rates would spike at least a little bit and that would cause current bonds to depreciate in value. The Chinese don't like holding depreciating assets...and nobody else does either....