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Strategies & Market Trends : Heinz Blasnik- Views You Can Use

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From: Eva2/18/2011 12:14:53 PM
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update -- trotsky, 11:58:09 02/18/11 Fri
Playing With Fire - a guest post by Ramsey Su

Ramsey looks at the two big problems bedeveling the US economy - the seemingly uncontrollable growth of the federal budget deficit and the still progressing collapse of the residential real estate market. Both problems seem intractable and indicate that Ben Bernanke will feel compelled to continue his debt monetization exercise well beyond its currently scheduled expiry date. The recently unveiled plan to deal with the GSE's Fannie and Freddie comes in for a scathing review. Tim Geithner's proposal studiously avoids dealing with all the important issues. As Ramsey puts it: 'to summarize, there is no plan'.
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