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"they can't sell enough bonds"
That's what a lot of us have been waiting for- or fearing-- the ultimate day of reconing.  You could be right.

"--use what's left of the US$ credibility to finance their huge infrastructure, public-works projects."

Paul, to fail to prop up the bond zombie will immediately trash that cred.
The time frame would seem to favor converting cash held into commodities, real estate--real-world assets- while keeping the corpse moving enough to sustain the illusion. But that's an awful lot of real assets. Who could miss a movement that size? How could it be hidden? Look there, I think.


Capitalism searches out the darkest corners of human potential, and mainlines them.

by geezer in Paris (risico at wanadoo(flypoop)fr) on Wed Nov 19th, 2008 at 10:44:38 AM EST
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