Friday, February 12, 2010

Forget Greece, the US Almost Had a Failed Treasury Auction

http://www.gainspainscapital.com/index.php?option=com_content&view=article&id=226:forget-greece-the-us-almost-had-a-failed-treasury-auction

Be mindful that this article does try to sell you something, and is meant to sound sensational to do so.. That said, I think the article is correctly pointing out that debt default for the U.S. may only be months away...

And now this article has rolled across my screen in a timely fashion, saying pretty much the same thing:

Coming To America: The Greek Sovereign Debt Crisis

http://www.zerohedge.com/article/coming-america-greek-sovereign-debt-crisis

A quote: 'To be sure, Keynesianism is starting to unravel.' Yes, everywhere...

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