Wednesday, March 25, 2009

Ten Trillion and Counting

The Frontline program this week is worth watching. If you missed it because American Idol was just too exciting, here's a chance to watch it at your leisure.

Yesterday the UK held a debt auction of 40 yr gilts, much like our treasury bonds; and it failed. Not enough bidders showed up to buy the british bonds to fulfill the funding. A hint of things to come?

Frontline Report on the National Debt

John Barnyak