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Wednesday, November 26, 2008
jump to the original story in - Knowledge@Wharton:» Calculating the Cost of Wall Street's Rescue
How will the U.S. pay for it all? Answer: by borrowing -- raising worries about how the country's ballooning annual budget deficits and aggregating debt will affect the economy and financial markets. Some guidelines, such as interest rates and the ratio of debt and deficits to gross domestic product, suggest the new debt will be digested easily. But some experts think those guidelines are misleading, warning that obligations are piling up like tinder on a forest floor.
A Billion Here, A Trillion There: Calculating the Cost of Wall Street's Rescue
