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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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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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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