https://pjmedia.com/richardfernandez/2010/08/25/fair-to-see-yet-doomed-to-die/feed/PJ Media is a leading news site covering culture, politics, faith, homeland security, and more. Our reporters and columnists provide original, in-depth analysis from a variety of perspectives.en-usWed, 10 Jun 2026 06:38:24 -0400<![CDATA[A newsletter sent onward to me from Morgan Stanley describes the global sovereign debt crisis whose effects will presently be felt. It is no longer a question of whether sovereign debt default is possible; it is almost a matter of when and how bad.  The current sovereign debt crisis is different from the high periods of  indebtedness in the past in that it is going not to acquire assets but to pay for consumption. And not only present consumption, but future entitlement.]]>Wed, 25 Aug 2010 19:17:56 -0400<![CDATA[Richard Fernandez]]>https://pjmedia.com/richard-fernandez/2010/08/25/fair-to-see-yet-doomed-to-die-n189965