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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: gregor_us who wrote (20042)12/31/2004 1:19:24 PM
From: russwinter  Read Replies (1) of 116555
 
<Americans have no capital now, in the aggregate, to lend to the government. Is that a true or false statement? Why would they suddenly have the capital in a deflationary collapse to lend to the government?>

BINGO!! If anything it will unwind the extreme leverage backing these trades. And further, why would foreign capital, including monetary authority printing presses, want to step in front of this freight train when it breaks?
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