Bernanke cloture vote set for 3:20 p.m. Eastern
Quote from Covertibility:
70 relected the dealer. Shiller from Yale would've been a better Fed chief.
Japan died years ago.
Quote from Patrick:
I realize we are NOT Japan, and we have basically no savings, but consider the following. Our debt as fraction of GDP is only about 80-90%, while that of Japan is OVER 200% already, and headed for approx 250% by 2014! I donât know what fraction of their govt debt is funded internally vs by foreigners, but Iâm sure their internal funding is a lot higher than ours.
It is crazy though, to think that they are at 2-3x the debt as % of GDP that we are at⦠and theyâre not collapsing.