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


To: Mike Johnston who wrote (98240)10/3/2008 7:44:41 AM
From: TH  Read Replies (1) | Respond to of 110194
 
Mike,

I don't think the US has a choice about how they can service the debt long-term without inflation. I just don't see any possibility to pay the nut over time. Maybe the problem and debt level right now could be attacked, but the compounding and ever increasing nut from entitlements is a monster no one is even acknowledging exists (except Walker and Peterson).

Thanks
TH