Friday, May 08, 2009
Uncle Sam's subprime Treasure
FT: Markets fear rising bond yields Worrying trend overshadows stress tests
Short little video from the FT's John Authers. Banks are out of frying pan now but Government debt problems just starting. Simple really follow the trail of toxic assets.
Posted by mountain goat @ 04:18 PM (417 views) Add Comment
2 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. uncle tom said...
Pretty much on the ball. The projected borrowing of developed nations wildly exceeds the funds available. If you can't borrow, you print, but then, what do the people who already own your debt do?
They sell.
I'm really quite surprised the markets haven't seen through this scenario yet..
2. flintster1994 said...
Uncle Tom,
Are you expecting an economic meltdown proper anytime soon?