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

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To: Claude Cormier who wrote (72430)12/16/2007 10:49:57 PM
From: mishedlo  Read Replies (2) of 116555
 
Turn out the lights California, the party is over
globaleconomicanalysis.blogspot.com
Years of reckless spending have finally caught up to the State of California, forcing Schwarzenegger To 'Declare Fiscal Emergency'.
Schwarzenegger Has 3 Choices

* Cut Spending and Services
* Raise Taxes
* Attempt to float massive amounts of bonds in a hostile debt market

Arnold, it's your move. What's it gonna be?
Mish
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