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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (47744)	3/23/2009 12:17:52 AM
From: carranza2	Read Replies (1) \| Respond to of 220094

That's 97 pages, perhaps tomorrow. The risk of a Treasury default is real. Check out the CDS spreads on our debt. This was Feb., but close enough: aleablog.com Krugman, same thing, though he correctly points out that buying these CDS has been described as buying insurance on the Titanic from a passenger on the Titanic. Still, a good measure of stress: krugman.blogs.nytimes.com Americans have lost about $10 trillion in wealth while facing more job losses and an economy threatened by depression. Banks are in trouble, and there are still nearly $20 trillion in outstanding derivatives no one wants to negotiate or otherwise invalidate. In the meantime, the government commits to $14 trillion in open-pocket spending, much of it going directly to Wall St. crooks. Europe is sinking. That's why I think the Direness is a lot closer than anyone thinks. The ad hoc response, inept as it has been, suggest more ad hoc solutions, and thus more trouble.