SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Clown-Free Zone... sorry, no clowns allowed

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Ken98 who wrote (253704)8/2/2003 1:03:25 PM
From: Haim R. Branisteanu  Read Replies (1) of 436258
 
Ken, think of the bond issue the following - average debt market lost around 15% within 6 weeks.

Outstanding US debt is about $35 trillion

Government debt is around $6.5 trillion

Even if every one was hedged against the $30 or so of no - governments bonds the losses are huge at least $2 to $3 trillion IMHO,or about 25% of our GDP even that some junk bonds rose or were steady.

As a comparison I think the US equity markets have a capitalization of $7 to $8 trillion.

How would you mange your finances if 25% of your yearly income was taken away from you ?

As to signs of recovery the thieves and swindlers are pointing to the wrong indicators.

Commodity prices rise because of Asia (India China etc.) not US recovery and the 9% annualized MZM growth is debasing the USD and not spurring more manufacturing activity within the US, but abroad like Pakistan, India or China, for US consumption. Most economist use not updated models for a global economy to predict a US recovery
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext