The U.S. government flirts with default, yet most markets continue to snore at the threat. Why?...

|By:, SA News Editor

The U.S. government flirts with default, yet most markets continue to snore at the threat. Why? It's too-big-to-fail turned on its head, as China is hooked on its reliance on the U.S. consumer to help drive its export industries. Like other big holders of U.S. debt, it has no incentive to do anything that would damage the value of its investment, and it has few other viable options for its cash.