2008/11/26

The government crash

Doc Searls:

The amazing thing about crashes is that you can see them coming...
Now we’re about to see the U.S. government crash, for the same reason.


The U.S. government is about to spend roughly 1/2 GDP to "fix" the economy.

It was a surprise this autumn to see foreign investors rushing to buy up more of our debt. Will we still look like a good bet after we've taken out a loan this big?

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