Relevant:
- Why Germany must face up to its €1 trillion headache
- The burden of unsupportable debt. US debt-to-GDP growing at a pace rivaling certain European nations -- The dramatic problems of peak debt in 2012.
- Emerging Market Debt Sales Are Down 98 Percent
- Albany Can Solve the World's Sovereign Debt Crisis
- Has Gold Become A New Reserve Currency?
2011-11-16 — ml-implode.com
Sovereign debt is thought to be safe because, as we all know, nations always pay their debts. While individual nations go bankrupt from time to time, we maintain our faith in sovereign debt because the majority of nations don't. But what happens if several nations go bankrupt in a very short span of time?
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