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Debt bomb

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Debt bomb
A default on debt and obligations by a major financial_institution that disrupts the stability of the economic system.


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That's the catalyst that will ignite the debt bomb, he says.
The weakness of the dollar reflects, in large measure, the Federal Reserve's determination to keep interest rates low as a means of encouraging the same consumer profligacy that has primed the household debt bomb.
Watch closely how the new president's financial team deals with the so-called debt bomb, approximately US$17 billion of which comes due in April and May.
 
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