> > I have a dumb question: who
> > does the U.S. owe $1.8 trillion? Japan, mostly? Couldn't they call in their
> > chits in order to help themselves out of the mire?
>
> The problem with Japan selling US bonds has always been: what would
> they do with the cash? Put it in the postal bank and get 0.5%?
>
>
Who owns the Bonds, is the debt mostly in Treasuries or is it CommericalDebt? All of thesese things makes a difference.
--mike
-- Michael Cohen mike at cns.bu.edu Associate Professor, Center for Adaptive Systems Work: 677 Beacon, Street, Rm313 Boston, Mass 02115 Home: 25 Stearns Rd, #3 Brookline, Mass 02146 Tel-Work: 617-353-9484 Tel-Home:617-353-7755