Miles said:

USD / Debt / Gatekeepers

I thought this letter from The White House was worth reading in the context of the numbers Nigel put together in his earlier post on Japan. When you follow through the the steady progression of deficits and debt accumulation and look at the absolute size of the debt load in the context of GDP and government receipts we feel like the issue need to be addressed. Our reading of this letter is that over the short term at least there is a clear push in the opposite direction.

White House G 20 Letter 16_06_2010 

Friday, June 18th, 2010

Yes or no?