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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 455.37+3.1%Feb 6 4:00 PM EST

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To: THE ANT who wrote (67847)11/6/2010 11:34:22 AM
From: elmatador  Read Replies (2) of 220075
 
$11 trillion in net worth since 2007 wipped out. You are lucky
as most of your assets are in Brazilian real estate.
city-journal.org

"If assets continue to rise in Brazil I will begin to sell and put in US."

Is it warranted to put into the US?

Households need to repair their damaged balance sheets as quickly as possible, so tax policy should try to support savings and balance-sheet repair, which would eventually allow consumers to resume spending.

(The right policy, by the way, would not be a one-time “stimulus” in the form of tax cuts or income transfers, which would contribute little to these goals.) But even if households are encouraged to get their affairs in order, it may be years before they are able to drive the economic growth that the country needs.

Over the next ten years, according to the Congressional Budget Office’s analysis of President Obama’s budgetary proposals for fiscal year 2011, the deficit will never fall below $700 billion. In 2020, the deficit will be 5.6 percent of GDP—roughly $1.3 trillion—of which over $900 billion will be devoted to servicing debt on previous borrowing.

city-journal.org
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