…the U.S. government has a record $2.5 trillion of its debt, including bills, bonds and notes, rolling over in 2010. That…is 35% of the outstanding level of Uncle Sam’s marketable obligations having to be refinanced in one single year.
David Rosenberg, Via Business Insider
2/6/10
What happens when supply exceeds demand?
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2 comments:
Deflation! BB
Not if the government prints enough to surpass defaulting or expiring debt.
That's the rub.
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