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Really? How can you be in? There is no App yet and all your PR machine is screaming about how cool this is. I call it How to fall flat on you Face of Big Data. Utter fail. Someone forgot today is the 26th.
Toggle Commented Sep 26, 2012 on I’m in.. Are YOU in? at Virtual Geek
We all know what happened after S&P downgraded us last year, don't we? Our "borrowing" costs went down!!! Do you know why? This is from the Federal Reserve's website: As the sole manufacturer of dollars, whose debt is denominated in dollars, the U.S. government can never become insolvent, i.e., unable to pay its bills. In this sense, the government is not dependent on credit markets to remain operational. Moreover, there will always be a market for U.S. government debt at home because the U.S. government has the only means of creating risk-free dollar-denominated assets (by virtue of never facing insolvency and paying interest rates over the inflation rate, e.g., TIPS—Treasury Inflation-Protected Securities). Together with the unusually high, but manageable, level of the current debt, these facts imply that the current U.S. government can wait out any short-term economic developments until long-run growth is restored. Further, without an immediate need to drastically reduce the debt, the mechanism between high debt and slow growth loses most of its credibility. Source:
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Sep 11, 2012