March 11, 2010

Greece Gives Preview Of Americas Future?

Source:
URL: http://www.bootsandsabers.com/index.php/weblog/permalink/greece_gives_preview_of_americas_future/

Could be . Many of the same risky financial practices that now imperil the Greeks were at the center of the all-too-recent U.S. meltdown. As with Greece, Americas national debt has been growing by leaps and bounds over the past decade, to the point where it threatens to swamp overall economic output. And in the U.S., as in Greece, a large portion of that debt is owed to foreign investors. Not good, if these debt holders begin to wonder if theyll be paid back. A foreign flight from U.S. Treasury securities...

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