Tuesday, March 08, 2011

From the "Don't panic" file.

“The U.S. government is not broke,” said Marc Chandler, global head of currency strategy for Brown Brothers Harriman & Co. in New York. “There’s no evidence that the market is treating the U.S. government like it’s broke.”
There's money. Plenty of it. I don't have any, and you probably don't have much, but there's plenty.

The problem isn't what there is, but where it is.

Hat tip to digby.

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