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Debate House Prices


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Fairly bullish on shares

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Comments

  • hallmark
    hallmark Posts: 1,480 Forumite
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    I do understand both systems. Neither result in debt that is remotely close to being risk-free or anything like it. Something the world only just seems to be realising.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
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    hallmark wrote: »
    I do understand both systems.

    Then you would realise that the US would be extremely unlikely to default in such circumstances.
  • hallmark
    hallmark Posts: 1,480 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Thrugelmir wrote: »
    Then you would realise that the US would be extremely unlikely to default in such circumstances.

    Yes but "extremely unlikely" isn't "definitely won't". Almost all US-Bond buying has been based on the fact that people thought there was no chance they could default. That's no longer the case.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    hallmark wrote: »
    Almost all US-Bond buying has been based on the fact that people thought there was no chance they could default. That's no longer the case.

    The US knows that it could not afford to default. As without the Chinese there's insufficient money to support the purchase of US Treasury stock to fund the deficit. There's a limit on brinkmanship even on the other side of the pond.

    The squabbling was internal. Issues in Europe get scant coverage on US news channels.
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