Niall Ferguson again

I've posted about Niall Ferguson, Harvard Professor and historian, several times and this is a good interview on US fiscal policies, sovereign debt crisis, financial, political, and tax reform.



http://www.youtube.com/watch?v=03CB8pVJkI8&feature=player_embedded




http://www.youtube.com/watch?v=JmOSaAYb4Qk&feature=player_embedded

“Fiscal tightening is baked in the cake. Tax increases are coming and coming soon… The US has a kind of stay of execution while the European crisis unfolds, but at some point the nasty fiscal arithmetic will get everyone, including the U.S… Treasuries are a safe haven the way Pearl Harbor was a safe haven in 1941. It’s safe until it’s not safe anymore.”