Our Biggest Creditor {China} Tells Us "The good old days of borrowing are over"
by: Les Carpenter Rational Nation USA Birthplace o Independent Conservatism Liberty -vs- Tyranny As the chickens come home to roast... Unbelievable we have been this stupid. ( Reuters ) - Global leaders on Saturday arranged a round of emergency calls to discuss the twin debt crises in Europe and the United States that are causing turmoil in financial markets . After a week that saw $2.5 trillion wiped off global stock markets, they are under pressure to show political leadership and reassure markets that Western governments have both the will and ability to reduce their huge and growing public debt loads. French President Nicolas Sarkozy, who chairs the G7/G20 group of leading economies, conferred with Britain's Prime Minister David Cameron ahead of a call planned for this weekend by G7 finance ministers and central bankers. "They discussed the euro area and the U.S. debt downgrade. Both agreed the importance of working together, monitoring the situation closely ...
Sweet. Passing this along to my cousin who plays the alto sax.
ReplyDeleteGlad you appreciated the selection.
ReplyDeleteHenceforth Sunday night is to be jazz night at RNC USA.
"RNC USA"? Is Rational Nation now affiliated with the Republican National Committee?
ReplyDeleteGood catch and you NEVER miss a chance to point out the insignificant error (typo) I am occasionally guilty of making.
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