The United States Has Turned Into a Death Spiral Convertible Bond

US government debt bubble rests on stock market bubble. Asia Times stands apart as the only alldigital, panAsian news and analysis site aimed specifically at Englishspeaking users. It is widely read not only in Asia, but also in Europe and in North America, where nearly half of its readership is based, regarding it as the mustread on Asian politics, business and finance. If you would like to keep up with everything Asia Times has to offer, sign up for our daily newsletter: Read the latest and most relevant news at