SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: GROUND ZERO™ who wrote (58579)7/12/2002 8:21:18 AM
From: Jon Matz  Respond to of 94695
 
I've been expecting exactly that for a number of years. No individual can hope for financial security loaded with debt, and the same is equally true of nations.

Scenario 1: Excesses - must - be paid back, or
Scenario 2: Bankruptcy

Jon



To: GROUND ZERO™ who wrote (58579)7/12/2002 8:54:37 AM
From: Jack of All Trades  Respond to of 94695
 
I think uncle Al will have to print us out of this mess and cause some inflation so the debt burdened consumer's debt looks smaller to real wages once they start increasing.

But this won't be shown in gov inflation stats as not to increase SS benny's...

IMO



To: GROUND ZERO™ who wrote (58579)7/12/2002 8:55:19 AM
From: Real Man  Read Replies (1) | Respond to of 94695
 
US current account deficit is more than 4% of GDP. The GDP figure has about 80% service, so the dollar fall can be devastating, as much as 70%. Since 1/3 of the world economy will be knocked out, this will be deflation for everyone else, hyperinflation in the US