400m cash in bank?, page-11

And if you think a sovereign bond bubble collapse is fanciful just ask the Donald what he might do about US debt. He reckons he can use his deal making skills to do a deal with the rest of the world to give them a little hair cut on the US IOUs they hold. Eshmun

http://www.nytimes.com/2016/05/07/u...l-debt-get-creditors-to-accept-less.html?_r=0

After assuring Americans he is not running for president “to make things unstable for the country,” the presumptive Republican nominee, Donald J. Trump, suggested that he might reduce the national debt by persuading creditors to accept something less than full payment.

Asked on Thursday whether the United States needed to pay its debts in full, or whether he could negotiate a partial repayment, Mr. Trump told the cable network CNBC, “I would borrow, knowing that if the economy crashed, you could make a deal.”

“We’re paying a very low interest rate,” he said. “What happens if that interest rate goes two, three, four points up? We don’t have a country. I mean, if you look at the numbers, they’re staggering.”