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Old 08-05-2020, 09:48 AM   #26
Shuffle
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Re: U.S. Gets a Debt Warning From Fitch Ratings Service

Probably the Treasury debt is good, just inflated away until it's worthless, but you can't assume that like LTCM did with Russian sovereign debt, that's what blew them up.
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Old 08-05-2020, 03:00 PM   #27
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Re: U.S. Gets a Debt Warning From Fitch Ratings Service

Quote:
Originally Posted by chytry View Post
Greece, Italy ... have to borrow using a currency they cannot control.
Again, the bonds could become a horrible investment but they will be repaid.
Sure but that is big part of the issue.

Your bonds and currency start to become anathema to investors of all sorts. Declining foreign buying and declining corporate buying, thus requiring the US to borrow increasingly more from themselves (print more money) to pay not only on the outstanding (debt) but for the deficits. Doing so, in increasing proportions further devalues the bonds and dollar, and so on and so on.

Sure the death spiral hits Italy and Greece quicker for the reason you cite, but I think it would be folly to assume the US would be immune from it happening.
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Old 08-08-2020, 06:06 PM   #28
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Re: U.S. Gets a Debt Warning From Fitch Ratings Service

US is maxing out it’s credit cards like it’s a donkey on tilt.
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Old 08-09-2020, 11:34 AM   #29
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Re: U.S. Gets a Debt Warning From Fitch Ratings Service

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Originally Posted by starssavior View Post
US is maxing out itís credit cards like itís a donkey on tilt.
Suddenly we are hearing the GOP members of Congress start to echo fears of debt and deficit spending. This has to be the surest sign they believe they will lose the POTUS and many seats.

We know, for fact, that if they thought they would hold on to power they would give zero sh*ts about deficits and debt and would laud it as a great tool for building wealth.
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