Liam Halligan
Market alarm as US fails to control biggest debt in history
US Treasuries last week suffered their biggest two-day sell-off since the collapse of Lehman Brothers in September 2008. The borrowing costs of the government of the world’s largest economy have now risen by a quarter over the past four weeks.
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Comment: Let's remember what I wrote on this blog on November 12: "A mega crash has become inevitable. We're getting closer day by day, minute by minute. Bonds will crash first, taking the stock market and the dollar down with them."
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