Relevant:
- Roubini Eyes "Perfect Storm" and Bond Market Revolt; German Central Bank Says Greek Default Would Not Destabilize the Euro; Time to Short Treasuries?
- The Stockman Backlash
- David Stockman: The Bubble Is Global And Its Already Popping (VIDEO)
- most borrowers don’t strategically default until deeply underwater
- ECB Governor Christian Noyer Warns "Default Would Mean Financing the Entire Greek Economy"; 10-Year Yields at Record High; Emergency Session Underway
2011-06-22 — economicpolicyjournal.com
``He said that this careless "shoveling" of money could lead to a default here in the U.S.-- and suggested that the first default will be on our payments to the IMF.'' -- This is a pretty staggering rant by Stockman... and unusually truthful for someone of his prominence and establishment history.
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