Market alarm as US fails to control biggest debt in history

This is EXACTLY what I have been warning about for a few years, and I may have been early on the forecast, but the debt bomb is coming home to roost among all developed countries.  Most retail investors put too much emphasis on equities, but the bond market is a better indicator of what is really occurring economically worldwide.  The fixed-income market is much bigger and participants are mostly institutional investors, the so-called smart money.

http://www.telegraph.co.uk/finance/comment/liamhalligan/8196283/Market-alarm-as-US-fails-to-control-biggest-debt-in-history.html