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MarcoD
MarcoD is offline
#93
Dec9-11, 06:07 PM
P: 98
I finally figured it out. It's all political humbug, the 40 cts on the dollar borrowing being bad.

http://economix.blogs.nytimes.com/20...-last-quarter/

The US didn't get any poorer, the debt is shifting from households to the government. They are just keeping the equilibrium in place at a lower interest rate.