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A default by the US government is no longer unthinkable
http://www.telegraph.co.uk/finance/comment/liamhalligan/3023...
Submitted by cij 3 months, 2 weeks, 3 days, 15 hours ago
Credit default swap for the US 10-year Treasury bonds is very telling of what the market thinks. If the US really defaults, imagine how will China react since it has $1.2 trillion worth of US debt.
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