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Philip B
The Plain Bagel
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Comments by "Philip B" (@philipb2134) on "The Plain Bagel" channel.
@grimaffiliations3671 Indeed; Japan's debt-to-GDP is over 2x - but Japan has met no resistance when BoJ sold paper. Something I find infuriating, is when ...persons... look at the US debt, and declare America is bankrupt! Other things apart, the United States holds immense assets.They seem to have forgotten about that other half of solvency -even as it applies to non-sovereign actors.
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@grimaffiliations3671 Moreover, the immense majority of that yen-denominated debt has come from domestic savings.
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