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April 24, 2011
Everyone has been in a panic this week over americas impending fiscal collapse. but i think the reality is that america does not face an immediate debt crisis. take a look at the simplest indicator, the day that standard & poors raised its now famous warnings about americas debt. markets decided to lower americas borrowing costs and the dollar rose against its principal alternative, the euro. see, the real problem for america may well be that it does not face a short-term crisis. over the last f...
April 24, 2011
That and much more. but first heres my take. everyone has been in a panic this week over americas impending fiscal collapse. but i think the reality is that america does not face an immediate debt crisis. take a look at the simplest indicator, the day that standard & poors raised its now famous warnings about americas debt. markets decided to lower americas borrowing costs and the dollar rose against its principal alternative, the euro. see, the real problem for america may well be that it does ...