Groups
Entrepreneurship Discussions « back to group
-
If the government doesn't pay down the debt and doesn't print money, what's left? Here's where it gets interesting. And Gundlach is very unusual in his thinking. He suspects the government has a strong possibility of at least partially defaulting on its debt.
The default may start in 2013 or beyond as Social Security obligations start to hit, he says. At that point, the government will need to renege on its financial promises to the elderly who paid into the system. And when that happens, the public will demand that the nation's other creditors, including foreign investors, also suffer. That would mean default, something that's been unfathomable for decades.
Read more here.
******
Our goal is to save you time and helop you succeed.
No replies in this discussion yet.
Log in or register to post a reply.
