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02-23-2010, 09:59 PM #1
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Rogoff: Wave Of Public Debt Defaults Coming
Rogoff: Wave Of Public Debt Defaults Coming
Tuesday, 23 Feb 2010 12:09 PM
By: Julie Crawshaw
Kenneth Rogoff, Harvard professor and former IMF chief economist, sees a series of sovereign debt defaults coming.
Ballooning public debt is likely to force several countries to default and the United States to slash spending as a result, Rogoff says.
Following banking crises, “we usually see a bunch of sovereign defaults, say in a few years. I predict we will again,â€Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
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