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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (24139)12/23/2002 6:36:42 PM
From: Crimson Ghost  Respond to of 36161
 
Doug Noland at Prudent Bear has been writing about a huge mortgage credit bubble for many months. If (when?) this bursts, the debt problems we have seen to date could be mild by comparison.



To: Jim Willie CB who wrote (24139)12/24/2002 8:59:27 AM
From: Silver Super Bull  Read Replies (2) | Respond to of 36161
 
JW,

RE: "federal deficits are rising, and I expect a $1 Trillion deficit before this recession ends"

Unfortunately I think over the next few years the budget deficit and debt will become extremely problematical. We haven't heard much about it over the last few years, ostensibly because it hasn't been growing by leaps and bounds.

DB


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