Thursday, November 17, 2011

$15 Trillion

The U.S. Federal debt just rose above $15 trillion, yet bond markets are unconcerned about it, even as they are in panic over a lot lower debt levels (even in relative terms) in some European countries. This just goes to show that it is not a just world.


Blogger dmcl01 said...

Hi Stefan, could you explain to me why the Americans are getting away with this?

I'm thinking that they are the last domino in the collapse.

8:18 PM  
Blogger stefankarlsson said...

Good question, "dmcl01". That's a complex issue which I will explain soon in a later post.

9:40 AM  

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