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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (6132)	1/25/2004 7:58:29 AM
From: Rarebird	Read Replies (1) \| Respond to of 110194

<foresight is an assets - Clinton supported the "Strong USD" policy to cover up substantial inflation and finance US debt - now we reap the results.> The enormous amount of dollars which the US has borrowed and now spent to keep its economy barely staggering forward does not provide any safe underpinnings. It is only safe for as long as a rate of borrowing of this enormous magnitude can be kept going, and not one minute longer. As long as borrowers can be found to absorb this gigantic debt, the US economy can and will give the appearance of moving forward. It will do so, however, only at the cost of ever climbing debts, both internal debts and, to the extent that the US credit expansion and deficit spending flows overseas, at the cost of ever climbing external debts.