Heavy Lifting - thoughts and web finds by an economist
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Sunday, April 18, 2010

What happens when you threaten default?

The rates you will pay on your debt will increase. This is true whether you are an individual household, if you are Greece, or the United States (although we have a ways to go before we threaten default - but remember that our government does not have to signal any potential default for the market to act as if we will).

Check out what is happening to Greek debt



Ouch.

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