« AIG's Non-Bailout and Nick the Knife | Main | The Buffett Spotlight Shines, But No Sign of Warren »

Latest Stories

• Palm Pre, Plus Roger and Me
• You Say “Recession”, I Say “Recovery”, etc.
• Quote du Jour: Marc Rich
• South Korea Arrests Barry Ritholtz
• Afternoon Reading 01/08/09

September 17, 2008

Bloomberg Says U.S. Debt May Be Next Stage

In a speech tonight at Georgetown University, New York Mayor Michael Bloomberg -- a savvy financial guy -- had a few things to say about the current crisis. Here is one that caught my eye:

It's not clear who's going to be buying our debt. It may very well be that the next wave is going to come back and bite us.

And if the U.S. has to raise rates in middle of this ... let's just say it won't be pleasant.

More here.

Sphere It   |   Digg it   |   Bookmark it   |   Stumble it   |   Facebook it