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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: William H Huebl who wrote (70804)	5/5/2005 7:38:40 AM
From: Real Man	Read Replies (1) \| Respond to of 94695

The trouble is that the government has financed most of the budget deficit short term. Lots to foreigners, and the bulk of it comes due this year. I don't see how some kind of crisis can be avoided. The 51 billion Auction is next week, with only 11 billion new funds, 40 billion rotation. We'll see how it goes! If the Fed has to buy it, there will be excessive printing. If foreigners don't want to rotate, after 30% losses in 2 years, and then some, the dollar will go South, and the rates will rise. Got debt crisis?