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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: benwood who wrote (97312)5/8/2009 7:04:59 AM
From: Think4Yourself  Read Replies (1) of 116555
 
"Are you assuming tax receipts will be zero?"

Not yet. They will definitely be down a lot while the budget is much higher than last year. Bottom line is, a lot more will be borrowed this year than last year. China has been loaning the US money in prior years. They pulled that credit line in January and are now selling treasuries.

This is a very serious problem. Who is going to loan the US this money? What about next year?
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