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    Defaulting on the nation's debt would be cataclysmic. The U.S. Treasury's Aaa rating is the one constant in the world's financial system. When times are bad anywhere on the planet, global investors flock to Treasury bonds because they know they will get their money back.


    — Mark Zandi

    #back #bad #because #bonds #cataclysmic



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    Did you know about Mark Zandi?

    D. S. His surname of "Zandi" comes from the Zand dynasty (formally known as the Zandieh dynasty) which ruled southern and south-central Iran (1750–1794) in the eighteenth century.

    Prior to founding Economy. He attended Upper Merion High School where he earned his diploma.

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