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.

2 Comments:

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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