This really appears to be a growing crisis regarding the confidence level in America by those who lend money to her.For years, the U.S. economy has been borrowing from cash-rich lenders from Asia to the Middle East. American firms and households have enjoyed readily available credit at easy terms, even for risky bets. No longer
I got this uneasy feeling that we may have pushed our luck a little too far this time in assuming we could just borrow and spend our way out of trouble.
This time might really be different.