---

Bruce Bartlett: Wells Fargo Bank economist Scott Anderson has said of a default, “It would be an earth-shattering event. It’s taken as given that U.S. Treasuries are a safe asset. Once you question that assumption, it shakes the foundations of global finance and the way it’s been established over the last 50 years." University of California, Berkeley, economist Barry Eichengreen, a world-renowned expert on the international monetary system, warned that a debt default could lead to a run on the...
Source: Dr. X's Free Associations - Category: Psychiatrists and Psychologists Authors: Tags: Front Page Source Type: blogs