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

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To: Crimson Ghost who wrote (97826)5/23/2009 4:03:38 AM
From: westpacific2 Recommendations  Read Replies (1) of 116555
 
''will not stop until foreign creditors FORCE this outcome via a dollar crisis''

THAT IS THE WHOLE POINT; which since 6 other folks agree with you, all of you do not understand it.

I repeat; you do understand this is ongoing right now; at this moment in time. The jig is up. America is going to have to spend within the limits of its GDP like the rest of the world.

That is what the Treasury Auction is saying; will it change perhaps; just watch it very close. Politics change.

As for Karl; he is correct along with Weiss; ask why are Treasury Auctions failing; because of my first statement. I judge the statement; not the character as we cannot always agree with that.

Stocks and the Dollar could crash on this, we watch.

What it means is potentially a massive cut in the dollar, fast and serious rises in interest rates and no choice but to rein in spending.

Or tripling of taxes!

But Greenspan said years ago to the Hill; they must stop this out of control spending...I ask did they?

West
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