Experts Warn Debt May Threaten Economy
“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.
August 28th, 2005 at 5:00 pm
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?
August 29th, 2005 at 7:27 am
New View of Debt
http://news.yahoo.com/s/latimests/20050828/ts_latimes/equityisalteringspendinghabitsandviewofdebt
March 15th, 2006 at 7:30 pm
Great site!
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February 1st, 2008 at 3:36 pm
Doomsday is a little extreme, but there would be big consequences.