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"The U.S. today is able to borrow at historically low interest rates "Anybody who doesn't understand why that sentence is misleading is stupid. It's mostly "borrowing" from itself. That's what QE2 is. It's purchasing its own debt. "... Financial products that pay off if Uncle Sam defaults aren’t attracting unusual investor demand."The fear is inflation which is what the markets increasingly seem to be expecting. Inflation is not a technical default. Again anybody who doesn't understand why that sentence is misleading is stupid.
Thanks ilap, I just can't respond to all the stuff Musk and Doc throw up against the wall here. lol