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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 382.95-0.8%4:00 PM EST

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To: Hawkmoon who wrote (44118)12/20/2008 8:50:06 AM
From: Haim R. Branisteanu1 Recommendation  Read Replies (2) of 217745
 
All true - that is why the USD had a rally but the mistake is in the fact that European Banks are also "investment banks" and therefore they are not more leveraged than the combination of US WS and US commercial banks - or GMAC or GECC

As a side note in EU they did not abuse as much the SPC configuration

The main point IMHO is the manufacturing base which has diminished substantially in the US and the trade deficit which is still gargantuan not to mention other future social payment obligation not included in US debt.

Still as a society the US is the most leveraged Western Nation as of today

Just evaluate the balance sheet of the US FED
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