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A comment on A U.S. Default Seen as Catastrophe Dwarfing Lehman’s Fall. Parent comment

Re:A U.S. Default Seen as Catastrophe Dwarfing Lehman’s Fall by drcode on Monday October 07, 2013 @05:38AM (#6507233)
This scenario you describe will probably happen, but most likely not in the next few years... Our debt-to-GDP ratio simply isn't high enough yet.

However, when it does happen it will happen very suddenly and will be completely unexpected (when the US fails to find enough buyers in a round of debt sales) so the timing is hard to predict.

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Re:A U.S. Default Seen as Catastrophe Dwarfing Lehman’s Fall by digitalengineer on Monday October 07, 2013 @05:59AM (#6507278)
>when the US fails to find enough buyers in a round of debt sales

Doesn't the US itself already buy up the largest part of their own debt?

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Re:A U.S. Default Seen as Catastrophe Dwarfing Lehman’s Fall by cdash on Monday October 07, 2013 @06:07AM (#6507304)
Yes, it does.

http://upload.wikimedia.org/wikipedia/commons/1/17/Estimated...

I don't know where an up to date image is but that goes to 2008.

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