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Politics : View from the Center and Left

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To: Paul Kern who wrote (103414)	2/7/2009 2:00:11 PM
From: Katelew	Read Replies (1) of 541957

Do you have children and grandchildren? Does it concern you that all this spending must eventually be paid for? And what happened to the pay-as-you-go rhetoric of the Dems during the campaign? The fact based reality is that the economy will find its own footing.....probably sooner than most people think....and it's not worth spending a $trillion to jumpstart it. One of the unintended consequences of massive stimulus spending has always been the possibility of higher interest rates. Rates have been backing up for a few weeks now, making TBT a great performing etf over the last month. I've said here before that the most excruciating economic pain for a country would be a situation where interest rates were rising even as assets values continued to fall. TARP kicked this possibility into motion and the size of the coming stimulus seems to be adding to the danger. Too early to know for sure, but warning bells are sounding, I think.

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