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Strategies & Market Trends : The New Economy and its Winners
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To: Doren who wrote (44509)9/17/2008 10:23:46 AM
From: fedhead  Read Replies (2) of 57684
 
The cost of the bailouts may exceed all the war
expenses in Iraq. The only reason the US can get away with this is because the dollar is the world's reserve currency.
We have the luxury to print away our deficits till the rest
of the world stops accepting our phony money. I believe
if that happens the long term US treasury yields will start to
spike and we get a depression on our hands. The fed is skating
on very thin ice here.

Anindo
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