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Three lunchtime reads: 1) Preparing for the unthinkable: Could markets handle a U.S. default? 2)...
Jan 18 2013, 12:50 ET |
, SA News Editor
Three lunchtime reads:
Preparing for the unthinkable: Could markets handle a U.S. default?
Peak oil theories 'increasingly groundless', says BP chief
PM: Britain to drift out of EU without reforms
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(1) Lets hope the US writes off massive amounts of its debt, especially to china. Interest rates will be higher on new bonds, but this is exactly what the treasury needs: to realize its true cost of borrowing.
(2) Peak oil is long dead. Not it is, "Peak? OIL!"
(3) Attempts to pry Britain and Germany out of the EU (which would destroy it) should be an American economic, political, diplomatic and military objective.
18 Jan 2013, 01:10 PM
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