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

To: John Vosilla who wrote (54853)	2/28/2006 7:48:02 AM
From: GST	Read Replies (1) \| Respond to of 110194

High interest rates, high inflation, slow growth and a nation too deep in debt to develop a real capacity for saving in a country with unsupportable and yet irreversible structural deficits and social programs that are simply not viable on the current tax base -- not a pretty picture, but as to the extremity of each of these aspects it is hard to tell if this is a long-term chronic slide or a relatively shorter, sharper shock. On our current glide path we will be losing altitude --but will it be nose down or soft landing? I would say in between with a very rough landing but lots of survivors.