February 4, 2009

OH, GOODY: 40% of Japanese investors think there is a risk of a US default. “There are other reasons to worry about US debt, like the downturn, the dollar, and our entitlement problems. But when the citizens of a country with a debt-to-GDP ratio of 1 and more than a decade of economic stagnation behind them start complaining that you’re not such a good credit risk, it’s time to start worrying.”

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