| Gavyn Davies: Default is not the main risk for America |
| The US economy is in bad shape and its recent policy-making has clearly not been triple A. But, now that the debt ceiling has been raised, a default on its sovereign debt is fairly low down on its lengthy list of worries. The downgrade by S&P needs to be seen in that context. http://link.ft.com/r/5F39HH/ |
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Sunday, August 7, 2011
Gavyn Davies: Default is not the main risk for America
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