US May Face ‘Armageddon’ If China, Japan Don’t Buy Debt

Posted on September 25, 2009
Filed Under Economy |

“The US is too dependent on Japan and China buying up the country’s debt and could face severe economic problems if that stops, Tiger Management founder and chairman Julian Robertson told CNBC.”

“If the Chinese and Japanese stop buying our bonds, we could easily see [inflation] go to 15 to 20 percent,” he said. “It’s not a question of the economy. It’s a question of who will lend us the money if they don’t. Imagine us getting ourselves in a situation where we’re totally dependent on those two countries. It’s crazy.”


Clayton

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    This is the personal web site for Clayton and Joan McKeon. Knowing that both families have been known to have rather strong opinions on most all matters, here is a site to post at your heart's desire anything that you wish. Access to this site will be limited to Family and Friends of both families so you must register and be approved before you will be allowed to post. If I do not get you approved quick enough or if you have any questions about the postings on this blog, email me and I respond right away. rmckeon@macatawa.net

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