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Strategies & Market Trends : US Inflation and What To Do About It

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To: RetiredNow who wrote (111)7/9/2010 3:38:45 PM
From: John Vosilla  Read Replies (1) of 1504
 
'So their is this flight to safety in the USD and US debt, which simply is unsustainable, because our debt is in danger of default too due to our unbelievably unhealthy balance sheet and deficit picture.

In short, it's all a house of cards and the wind is picking up. It could all blow down any time now.'

Seems much has to do with interest rates remaining so low for an extended period. The collapse of the Euro gives us more wiggle room to get by for a few more years. What seems clear is we can't go for a balanced budget until we start creating in excess of 300-400k jobs for an extended period of time.
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