Experts Warn Debt May Threaten Economy
Posted on August 28th, 2005 in GeneralComments | 4 Comments »
“But what would happen if interest rates suddenly weren’t so benign, or if foreign governments, corporations and individuals stopped investing so heavily in America? Some analysts fear such actions could trigger doomsday scenarios in which the bills come due and Americans can’t pay, with devastating consequences for the entire economy.”
Good overview of debt in the U.S.
4 Responses
Greenspan isn’t powerful, the people who write about Greenspan are powerful.
However, those people wouldn’t be too powerful without something to write about, eh? And, their power is distributed. No single author or writer is going to be as powerful as Greenspan himself. Right?
New View of Debt
http://news.yahoo.com/s/latimests/20050828/ts_latimes/equityisalteringspendinghabitsandviewofdebt
Great site!
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Doomsday is a little extreme, but there would be big consequences.