European Tribune

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This is true, and hysteria needs kindling. It is media visibility that fashions the audience and vice versa. But the majority (possibly uninformed) view feeds back on itself, just as the stock markets do. Neither one of them is necessarily based on real numbers, but perceptions.

But I still feel the US is itself going to suffer foreclosure.

You can't be me, I'm taken

by Sven Triloqvist on Mon Nov 5th, 2007 at 06:02:00 PM EST
But I still feel the US is itself going to suffer foreclosure.

Too true.

I think that within a pretty short time-scale, the US's ability to "pay its debts as and when due" - by presenting yet more bad dollar cheques to its creditors and expecting them to be accepted - will come into serious question.

by ChrisCook (cojockathotmaildotcom) on Mon Nov 5th, 2007 at 06:27:43 PM EST
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