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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: GST who wrote (80473)	3/29/2007 2:47:41 PM
From: John Vosilla	Read Replies (3) of 110194

'To the extent that we go into a sharp economic downturn amidst high uncertainty, our economy will be hard hit by soaring inflation and economic stagnation. This will shake our system to its foundation as we struggle to pay for an endless war in Iraq while foreign creditors come to see us as a very risky place to finance our stratospheric deficits.' The far right in this country would call such comments typical liberal speak. Yet it was the liberal policies of the far right...huge deficits, big government everywhere and in everyone's lives, socialized ownership society, tensions with our long time friends of democracy,continued dependence on foreign oil rather than push alternatives,that put us in this mess. Main street and Joe6pack get it now and are very concerned. Yet the focus by the administration in DC and most of Wall Street is still on other things.. It's like they all ASSUME a 4.6% 10 yr treasury and 6% fixed rate mortgages are here to stay to save the day along with full employment as long as we cut taxes further and stay the course in Iraq...amazing

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