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What they thought. but even more fundamental than housing to the global economy is the idea that the u.s. government is a safe asset that when you buy our debt, the things when we do this things we do, that you can count on us to do rational things to pay you back your money. if the world has to reevaluate what it knows about the u.s. as a functioning economy, that would be a financial storm higher than the one we had in 2008. >> heres whats perverse about that. two different things. when they t...