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Friday, June 18, 2010

Former Fed chief Alan Greenspan: U.S. debt crisis coming soon

The aging economist argued recently that the US is about to run out of its ability to raise debt at low rates to finance its growing deficits.

His disagrees with most economists who worry about the effects of the US debt in a few years, but believe that very low borrowing costs will help American fund its government spending in the meantime.

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