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


To: shades who wrote (52661)2/4/2006 6:25:51 PM
From: orkrious  Read Replies (4) | Respond to of 110194
 
updated junk spreads to treasuries

idorfman.com



To: shades who wrote (52661)2/4/2006 8:30:05 PM
From: mishedlo  Read Replies (2) | Respond to of 110194
 
Rome did not fall until her military was successfully challenged, weakened, and beaten numerous times - that day is a long way off for the USA - a LONG WAY off!

Rome fell because it could not maintain their military spending and control over areas.
The US is in the same position now. We can not afford to be the world's policeman (nor do we have "the moral authority" to do so)

Those factors can chip away at us far far faster than you think.
In fact we have already passed the turning point IMO.

And if we keep wasting money at the same rate of expansion it will be over soon. Replace military challenge with economic challenge of maintaining military supremacy at all costs as well as maintaining the role as world's policeman and you are simply WRONG. History rhymes it does not repeat. We will not be militarily challenged, we will die ensuring the former never happens.

Mish