Bancor

What ‘US Dollar Loses Reverse Status’ Actually Means

I may have mentioned last week that we have gone over the proverbially cliff and have not yet hit the rocks below, and that the ground is coming up fast and that it is really gonna suck when we hit. The ground is closer: From the Washington Times: Federal deficit on track for a record this fiscal year Government debt to exceed U.S. economy and this from Bloomberg: Geithner Quietly Tells Obama Debt-to-GDP Cost Poised to Increase to Recor Barack Obama may lose the advantage of low borrowing costs as the U.S. Treasury Department says what it pays to service…
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