Attention

The opinions expressed by columnists are their own and do not represent our advertisers

Thursday, August 04, 2011

Debt Deal: What the World Thinks Of Us Now

The debt deal out of Washington may have averted a big sell-off of U.S. Treasury bonds.

But even though big Treasury holders like China and Japan haven't run for the hills, the response of foreign countries to the deal has been pretty tepid. Russian Prime Minister Vladimir Putin, for one, said the deal was "not that great overall because it simply delayed the adoption of a more systemic solution."

Indeed, the political turmoil leading up to the debt deal, along with the deal's remaining uncertainties, may have tainted foreign perceptions of our trusty currency for good.

No comments: