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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: mishedlo who wrote (108533)2/19/2010 2:29:28 PM
From: niceguy7672 Recommendations  Read Replies (2) of 116555
 
You are articulating something that is almost too sensible but few wish to embrace for whatever reason, not the least of which is the "comfort loss" exacted on so many who are now feeding at the public trough were your suggestions put into play.

The reason hor the apathetic response of the voting public to the gross abuses enacted by the Fed, Obama and the rest of the cabal running the country may well be that today the majority of that voting public is now feasting at the same trough as the Fed, Obama and the cabal, and don't wish to rock the boat too much.

Problem is the boat is overloaded now and beginning to take on water in the form of borrowing vast amounts to pay interest on government debt.

If rates rise, not only will gov't debt become ever more onerous but so too will mortgage refinancings. Calamity awaits if the Fed ramps up the rates. For that matter, calamity looks to be lurking no matter the course this bloated boat sets out.
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