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Harun
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Trade Wars Brewing In Economic Malaise Outrage in Canada as U.S. Firms Sever Ties To Obey Stimulus Ruleshttp://www.washingtonpost.com/wp-dyn/content/article/2009/05/14/AR2009051404241.html One more data point.
Steve, Over at Megan McArdle, she mentioned that emerging markets are worried that massive borrowing by the developed economies will "crowd out" funds for them to borrow. Any comment or prediction on this variant of the theory?
I wonder how much this theory is hurt by entities who wish to only buy US Treasuries and are not interested in commercial bonds so much. I am thinking about China and the other countries that buy T-bills to sterilize their current account surpluses. I am sure there are other entities who want to buy T-bills only as well for safety reasons. Also, thanks for the comment about net interest share of spending.