[BP2]

At the same time the US Economy is THE Financial Powerhouse that overseas investors have placed their faith and moneys, the US Government is a GIANT SPONGE on the World's Treasuries, especially when the US Govt is absorbing non-govt Financial Debt (via Bailouts) and Consumer defaults. And the US Govt wants to expand!

The BEST thing China, Russia and other buyers of US Currency can do for themselves (and US) is to CUT UP daddy's credit card!

THIS ain't pretty folks (a/k/a The Asset Bubble).

[parsifal]

I read Market Ticker first thing every day (and Naked Capitalism, too). Good chart, but I thought fed debt was like 12 to 14 trillion???

parsy, who is proud we are the world leaders in debt