We are nearing the global meltdown., page-213

yes - thats good crazy talk

if you obsess with debt serviceability of nations and not with what moves markets youll be poor a long long time, never buy a house in sydney and always expect the sun to flare next Tuesday

the economic assumption is that the day the US cant meet its bills if it chooses is the day we all go back to living in caves. theyll never price USD on that basis - esp as its just pieces of paper.

ill guarantee - insto investors are aware of US debt - but its the serviceability question thats more important - and even that is still a long second to the incremental concerns of the day re housing, jobs and corporate profits.

doesnt mean you cant understand that the debt game is running toward a point where its going to need a few pressure releases.

but its all a man made construct. like any game, people can always change the rules. that die is never cast.

like i say - good crazy talk for a saturday.

but lets not feed the trolls unecessarily.