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

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To: TH who wrote (101672)	2/26/2009 12:57:28 PM
From: TH	3 Recommendations Read Replies (3) of 110194

Correction. It appears there is more information from when I got my news this morning. <In 2010, the deficit would dip to a still-huge $1.17 trillion, but Obama promised to get the red ink under control within a few years through a combination of tax increases and spending cuts.> news.yahoo.com Only 1.17 trillion in 2010. Wow, that is a relief. And of course this number is a complete fantasy. Figure double that. And if we count the Fed's voodoo balance sheet (cause that is OUR money, even if we don't know who they lend to and in exchange for what and yea, I know, they are <private>), then figure FOUR times that. But we know that Ben is a responsible dood and he will pull all that liquidity back at the very first glimmer of that evil inflation he and his merry band have sworn to fight to the death. Can anyone give me ONE single projection that Ben has made that has been accurate? I mean the exposure of 100-200 billion for the banks last year was a bit off the mark, but no one is perfect. GT TH

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