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14,217 Posts.
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07/02/10
11:14
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remember what happened to CNP- it went down the tube due to short term debt
from memory it was classifed as long term when it was actually short term
one argument is that the US has $2 trillion in short term debt
is this possible?
a country as big as the US has a short term loan that has to be refinanced this year
i have my doubts
I think the writer of this article has classified a whole lot of loans as short term
anybody out there who can substantiate the existence of this amount of debt ($2 trillion) and THAT IT IS DUE THIS YEAR?
thanx in anticipation
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