May 21, 2010

Bond Vigilantes Are Going To Wake Up In The United States

"Bond market vigilantes have already woken up in Greece, in Spain, in Portugal, in Ireland, in Iceland, and soon enough they could wake up in the U.K., in Japan, in the United States, if we keep on running very large fiscal deficits. The chances are, they are going to wake up in the United States in the next three years and say, this is unsustainable."

in Bloomberg News