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Council on Foreign Relations: U.S. Dollar and Debt Structure at Tipping Point

06-21-2010 • EconomicPolicyJournal.com

Francis E. Warnock argues, that the United States was at the tipping point in 2009 of a collapse of its bond market, but was saved, ironically enough, by the Greek financial crisis, which caused a flight into the U.S. Treasury market. Warnock argues that the respite from financial calamity must be used to get the United States financial house order. Good luck with that.

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