What is happening in Europe will come to America, soon enough...

[WarrenWatsa]

...or so this article appears to imply, wherein BCA Research's Chief Economist makes a scary statement:

 

"It’s only a matter of time. It’s a question of when, not if, the markets do to America what they did to Europe. The markets will turn to the U.S. like a pack of wild dogs once they finish chewing Europe out."

 

Personally, I'm hoping the bond vigilantes go after Japan before the US. You know, just to delay the inevitable yet several months more (after Europe is dealt with). How about you?

[eclecticvalue]

The thing is both of the countries are autonomous users of their respective countries. Obviously U.S. and Japan can't print money forever since inflation will get out of hand but they can't go bankrupt unless the government decides.

[Uccmal]

Or its only a matter of time for the US recovery to intensify enough to spread to EU, and Japan, and bring down debt levels worldwide.