Megan McArdle

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22 Oct 2009 05:38 pm





Comments (5)

On the national debt piece: The U.S. borrows a lot more money than Italy, Spain or Britain. Enough, I would think, to put a noticeable dent in the entire world's pool of dollar savings.

Secondly, I think Japan borrowed from its own national Post Office savings accounts, not from abroad. And they had lots of savings to start with. We don't.

Obama's election accompanied by decline of belief in AGW

LOL Some people in the other thread actually claimed this poll was good news for AGW.

On the debt piece:

As many people pointed out directly - is the author seriously using Japan and Italy as models of economic prosperity? Really?

TallDave (Replying to: RobM1981)

I remember a shudder of horror when Japan's quarterly GDP numbers came in at something ungodly like -13% a little while back.

Now that's scary. Makes our recession look almost friendly.

All those countries not on the Euro are facing a currency crises. Do they have any sense of irony?

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