The US cannot bury its head in the sand for much longer
LONDON | Another day spent with the euro area teasing markets’ anxieties, another voice in the background alerting of a wall of trouble building up on the other side of the Atlantic. The US budget deficit is reaching a size many feel uncomfortable about: in Wednesday’s fundamentals briefing, Legal & General Investment LGIM suggested that the outlook for US debt is actually worse than most people currently believe. “Not many…