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

To: GST who wrote (90223)	1/7/2008 3:38:25 PM
From: Tommaso	Read Replies (1) \| Respond to of 110194

>>>The willingness of people outside the US to fund our tendency to live way beyond our means is a far more biting indictment of our financial position <<< It's worse than an indictment; it's a conviction. When the U. S. was running government deficits in the 1950s, economists would say cheerfully "We owe it to ourselves!" Over ten years ago thoughtful economists were warning that any country that depends of borrowing from other countries is headed for very big trouble. Dollar signorage and military power have kept us afloat financially.