{"id":8737,"date":"2011-08-01T22:46:59","date_gmt":"2011-08-01T14:46:59","guid":{"rendered":"http:\/\/maddruid.com\/?p=8737"},"modified":"2011-08-01T22:55:43","modified_gmt":"2011-08-01T14:55:43","slug":"2505-the-end-of-the-world-not-today-galvatron","status":"publish","type":"post","link":"https:\/\/maddruid.com\/?p=8737","title":{"rendered":"[2405] The end of the world? Not today, Galvatron"},"content":{"rendered":"<p>Now that we are staring at the possible end of the world \u2014 or rather, the possibility of the US defaulting on its payment \u2014 I am an optimist (hey, the yield rates are still low. That gotta mean something). In any case, a default would likely be temporary. Never mind that the US can still prioritize its payments to prevent default by suspending some relatively non-essential government operations.<\/p>\n<p>Even if it would be more serious like the one in Greece, I have made my position known: the market can live <a href=\"https:\/\/maddruid.com\/?p=5081\">without government bonds<\/a>.\u00a0The short run would be ugly. But in the long run, we will be fine.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Now that we are staring at the possible end of the world \u2014 or rather, the possibility of the US defaulting on its payment \u2014 I am an optimist (hey, the yield rates are still low. That gotta mean something). In any case, a default would likely be temporary. Never mind that the US can [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[544],"class_list":["post-8737","post","type-post","status-publish","format-standard","hentry","category-economics","tag-bonds"],"_links":{"self":[{"href":"https:\/\/maddruid.com\/index.php?rest_route=\/wp\/v2\/posts\/8737","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/maddruid.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/maddruid.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/maddruid.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/maddruid.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8737"}],"version-history":[{"count":10,"href":"https:\/\/maddruid.com\/index.php?rest_route=\/wp\/v2\/posts\/8737\/revisions"}],"predecessor-version":[{"id":8747,"href":"https:\/\/maddruid.com\/index.php?rest_route=\/wp\/v2\/posts\/8737\/revisions\/8747"}],"wp:attachment":[{"href":"https:\/\/maddruid.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8737"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/maddruid.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8737"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/maddruid.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8737"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}