Gothamist: National Debt Too Big for National Debt Clock to Handle

Wza

Tue, 07 Oct 2008 19:40:18 -0500

aint that some ish?!

Bottomless Chips

Tue, 07 Oct 2008 18:12:01 -0500

The national debt has really never gone down, even through the Clinton years.

Bottomless Chips

Tue, 07 Oct 2008 18:00:38 -0500

oddly enough, i read this morning that the Dollar is gaining strength and is worth more against foreign markets... can this be a good sign? This is only because foreign central banks own our debt, which is bad debt. Those bonds they bought can't keep up with our inflation. We're paying huge interest, but we're paying it with freshly printed dollars.

EastRiver

Tue, 07 Oct 2008 17:32:57 -0500

The yen is up. Carry trade unraveling or is Japan the new safe haven?

yg

Tue, 07 Oct 2008 17:30:32 -0500

nope, that just means that other countries are doing even worse. in other words: there's no escape :)

edEx

Tue, 07 Oct 2008 17:26:34 -0500

oddly enough, i read this morning that the Dollar is gaining strength and is worth more against foreign markets... can this be a good sign?

FrankMartin

Tue, 07 Oct 2008 17:25:25 -0500

That is one depressing way to bring the work day to an end. Thanks gothamist. off to a warm bath and a razor blade