jakobscalpel
Apr 14, 2006, 04:52 AM
For those of you that follow the markets, here is an interesting article. Article (http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2006/04/14/cnus14.xml) It is not the rise above 5% that worries me...it is the following quote from the article.
"Analysts said the spike in yields is chiefly caused by an exodus of Asian investors, who hold a huge chunk of the US national debt."
That is what worries me. I've been worried about this for a long time. Regardless of whether you support our uber-expensive war in Iraq or are in favor of big spending government, if an Asian investor "exodus" is the start of a trend rather than just a temporary blip, then you must admit we as a nation are in trouble. There is simply no way we can function as a country under our massive debt load without equally massive foreign investment. Well, there is one way. Trim the size of the federal budget by about 90% for a few years while maintaing taxes (humanity's greatest curse) at current levels.
Or (and I'm channeling my Rush Limbaugh listening neighbor here), just repudiate our debt to all foreign nations and tell them to take a flying leap. After all, we got the nukes, right? http://oakhurstonline.com/icon/smoking.gif
"Analysts said the spike in yields is chiefly caused by an exodus of Asian investors, who hold a huge chunk of the US national debt."
That is what worries me. I've been worried about this for a long time. Regardless of whether you support our uber-expensive war in Iraq or are in favor of big spending government, if an Asian investor "exodus" is the start of a trend rather than just a temporary blip, then you must admit we as a nation are in trouble. There is simply no way we can function as a country under our massive debt load without equally massive foreign investment. Well, there is one way. Trim the size of the federal budget by about 90% for a few years while maintaing taxes (humanity's greatest curse) at current levels.
Or (and I'm channeling my Rush Limbaugh listening neighbor here), just repudiate our debt to all foreign nations and tell them to take a flying leap. After all, we got the nukes, right? http://oakhurstonline.com/icon/smoking.gif