The U.S. must act to rein in its massive budget deficits or face the risk of a bond market crisis, former Fed Chairman Alan Greenspan said Sunday. If deficits begin to frighten the bond market, interest rates will rise, undermining the recovery, and possibly causing a double-dip recession.
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Deficit Worries Could Trigger a Bond Market Crisis, Greenspan Says originally appeared on DailyFinance on Mon, 15 Nov 2010 09:17:00.