03-14-2011, 09:55 PM
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#10 (permalink)
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Quote:
Originally Posted by cossie1600
It's not always the case. The rebuild of infrastructure and manufacturing goes back to the local economy. WWII dug US out of the great depression.
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However, Japan may have to sell many of the US Treasury Bonds it holds to raise money for its rebuild. That will increase the supply of US Treasuries abroad and require us to pay higher interest to those who buy new issues of US Treasuries from us hereafter, all increasing our debt service expense and our budget deficit. This catastrophe is no good for any one.
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