Eartha
Member
- Joined
- Oct 8, 2009
- Member Type
- Student or Learner
- Native Language
- Chinese
- Home Country
- China
- Current Location
- China
Dear all,
How should I understand the underlined?
Thanks in advance.
Eartha
The pessimistic interpretation is that this reflects concerns about America’s fiscal mess (see article), in a paler version of bondholders’ jitters about Greece and Spain. The worriers point out that bond yields jumped after the recent announcement of a tax-cut plan that is likely to add some $800 billion to America’s public debt over the next decade, and which utterly fails to explain how the country’s medium-term finances are to be sorted out. Likewise, Germany’s dearer borrowing costs may have less to do with optimism about its economy than with concerns about the costs to its exchequer of keeping the euro zone together.
How should I understand the underlined?
Thanks in advance.
Eartha
The pessimistic interpretation is that this reflects concerns about America’s fiscal mess (see article), in a paler version of bondholders’ jitters about Greece and Spain. The worriers point out that bond yields jumped after the recent announcement of a tax-cut plan that is likely to add some $800 billion to America’s public debt over the next decade, and which utterly fails to explain how the country’s medium-term finances are to be sorted out. Likewise, Germany’s dearer borrowing costs may have less to do with optimism about its economy than with concerns about the costs to its exchequer of keeping the euro zone together.
