To: TigerLikesRooster
And that pop will be felt here when they can’t buy our debt.
I heard another person on FR say if China doesn’t buy our debt, Japan will. Japan is officially in a Depression, how much can they buy?
3 posted on
02/21/2009 6:11:08 AM PST by
autumnraine
(Freedom's just another word for nothing left to lose- Kris Kristoferrson VIVA LA REVOLUTION!)
To: autumnraine
They can buy some, but not enough to pay for all bailouts and spending programs.
4 posted on
02/21/2009 6:14:45 AM PST by
TigerLikesRooster
(kim jong-il, chia head, ppogri, In Grim Reaper we trust)
To: autumnraine
"I heard another person on FR say if China doesn’t buy our debt, Japan will. Japan is officially in a Depression, how much can they buy?" It's a catch-22.
I've read that US consumers aren't buying enough imports and consequently China doesn't have the money to buy any more US debt.
And, I've read that things are so bad in Japan that 'depression' may be too mild a word to describe it.
6 posted on
02/21/2009 7:32:31 AM PST by
blam
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