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Originally Posted by Masterblaster
This is the crisis that may or may not come. Someday it just may be that foreigners may not want our debt. Or they may not want it at an interest rate that we are willing to pay.
At that point a crisis occurs and very tough and very unfavorable choices will be thrust upon us.
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it's going to be worldwide since all the protected export economies will have to open up or face recession as well. not like the US will be the losers and everyone else will keep living it up.
personally i think the trade deficit is more hype than anything else since economic conditions have changed since that statistic was created
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