July 12, 2009 1:47 PM
The chart (click to enlarge) below is found at John Mauldin’s Thoughts from the Front Line. To Swamp Report, the fascinating thing about it is the sheer dominance of the United States. The US will account for over 3T$ of the $5.3T in debt expected to be issued in 2009. And…it gets worse in 2010 and 2011.
Talk about crowding out! If/when interest rates rise substantially the world will know who to blame.
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