From Chris Foti at BNY ---- great Bloomberg article by David Reilly yesterday talking about the possibility US losing its AAA rating. He is trying to coin a new acronym that I like… DOLTS…. Dangerously Over Levered Triple AAA Superpowers… Only one the good old US of A…
I have been reading some work form Barclays Bank which suggests that the impact of the crisis on the deficit is small relative to demographics. The aging of the G3 will have a greater impact on debt financing problems.
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