Don't get me wrong here I like the U.S. people I worked there for 6 months in Baltimore and got on well with them, as in Australia it is the Govt that is untrustworthy. I found most U.S. people to be friendly and outgoing and I made many friends there.
"I don't worry about US government debt. The cost of servicing that debt as a proportion of GDP is as low as it has been since 1970."
Government debt is your debt Timber, you do understand that right. To get out of debt eventually they will take more of your money! DEBT TO GDP is currently 120% and rising every day. U.S. has so much debt that without QE the country would be in depression and the bond market and equity market would be busted without the free money.
