Thursday, May 6, 2010
Roubini Says Rising Sovereign Debt Leads to Defaults (Correct) - BusinessWeek: "“Eventually, the fiscal problems of the U.S. will also come to the fore,” Roubini said during the panel discussion. “The risk of something serious happening in the U.S. in the next two or three years is going to be significant” because there’s “no willingness in Washington to do anything” unless forced by the bond markets."
Whenever it happens it will be bad. It can be inflation, it myy be hyperinflation, it could even be deflation. None of those are good choices.
What would you do if the money you have lost a quarter or half its value? What would happen to your job or business?
Posted by Stephan at 3:26 PM