said by Linklist:said by Skippy25:That is just short term greed that equates to long term stupidity.
No, it is short term "no one will Lend them money" to upgrade infrastructure that can't repay the investment for a decade or two. Will you take YOUR hard earned savings and lend it to them knowing you may not get any back for 10 yrs or more? I thought not. But I am sure you won't mind if taxpayers do it.
Soo... then explain to me again why people are buying up US treasuries at negative real interest rates?
