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Subject:  Re: The Working Class Date:  11/14/2012  1:58 PM
Author:  twopairfullhouse Number:  110990 of 177153

You don't need to ask, the answer is demonstrable. People the world over continue to line up to lend money to the USA. I know, the bond vigilantes are right around the corner, where they've been for decades, and they're going to punish us any day now by taking their money and buying gold with it or something. Any day now.

Just a thought; you could have said exactly the same thing about mortgage-backed securities in early 2008. Foreign investors were buying them up by the bushel, but it didn't end very well. Your hubris over America's ability to borrow no matter the level of debt or strength of the underlying economy does not appear to be consistent with actual historical events.

With many investment bubbles, the party is one heckuva good time, until it isn't. And then it can really suck.
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