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


To: SouthFloridaGuy who wrote (29965)4/3/2005 11:38:59 PM
From: John Vosilla  Respond to of 110194
 
It can't and won't happen in a Democratic society, particularly the United States. That's why Deflation is inevitable, unless I suppose the world grows much faster than us and support our spending habits to infinity.

Which is why we all suddenly love communist China so much these days.

Current US Monetary policy is completely predicated upon the US being a super-power and the dollar as the only reserve currency. What nation could cut its interest rates to near 0 in the misdst of massive budget and trade deficits? Historians will laugh at our hubris

The only difference between the US government debt crisis today and Argentina of five years ago is we are still the reserve currency. The hypocrisy of the US lead IMF scolding Argentina then for having a annual debts at 4.7% of GDP..lol