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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Wyätt Gwyön who wrote (41304)9/11/2005 4:33:58 PM
From: NOW   of 110194
 
"Start with the acceptance of a crippled set of fundamentals for the United States economy, exorbitant federal deficits, even more magnificent and growing balance of payment deficits (trade gap), an absent manufacturing base, escalating debt levels both public and private, dependence upon asset inflation for debt collateral, outsourcing to foreign lands for low-cost solutions, magnificent unbridled growth in USDollar money supply, dangerous growth in foreign-held US Treasury Bond debt, a central bank whose professional competence badly lags its unwarranted icon status reputation, and an economic council whose dedication to sound policy and reliable indicators is so far astray that any reasonable man would conclude their heads are squarely lodged up their rectums."
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