As part of a now lengthy chain (one, two, three, four) on US allies and the likelihood of US retrenchment, I argued that American hegemony, despite America’s huge debt and deficit, is more financially stable than almost anyone expected. Because foreigners’ appetite...
More on Abusing America’s ‘Exorbitant Privilege’: Will the Bond Market Turn on the US at a 100% Debt-to-GDP ratio?
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