US defaults, nothing changes

In Uncategorized on 28/07/2011 at 6:36 am

Nervous investors can’t all buygold, silver, platinum, S$ or Swiss francs. For all the worries about global sovereign debt, this is still a sellers’ market. That is why the yield on US 10-year debt is still barely 3%.

When you are world’s biggest debtor and consumer of last resort, the world owes you a living.

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