On the recordSeptember 13, 2016
If it leads to a debt crisis where suddenly interest rates spike, the U.S. needs to borrow, and bond markets say 'no,' it looks a lot like Greece.
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congress.govIf it leads to a debt crisis where suddenly interest rates spike, the U.S. needs to borrow, and bond markets say 'no,' it looks a lot like Greece.
Cochrane compares potential U.S. debt crisis to Greece's situation.
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