Warum gibt es etwas und nicht nichts? (Why is there something rather than nothing?) - Leibniz
Monday, August 31, 2009
A couple of days ago I said that US debt default would splat the US far worse than its trading partners; of course, I missed the point. The real danger is rejection of US debt and the US dollar by its foreign purchasers, and both Karl Denninger and Jesse see that as an outcome of the Japanese election result.