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


To: TobagoJack who wrote (48417)4/10/2009 4:45:03 PM
From: Elroy Jetson  Read Replies (1) | Respond to of 217815
 
Two more years of decline likely. .



The global deleveraging proceeds. We have even more debt to income to unwind this time.

voxeu.org
.



To: TobagoJack who wrote (48417)4/10/2009 5:39:15 PM
From: elmatador  Read Replies (1) | Respond to of 217815
 
U.S. federal budget deficit rose to a record $956.8 billion in the first six months of the fiscal year after the government stepped up spending to cope with the recession that has depressed tax receipts, the Treasury Department reported Friday.

Budget deficit triples to $957 billion for year

By Rex Nutting
Last update: 2:01 p.m. EDT April 10, 2009
WASHINGTON (MarketWatch) - The U.S. federal budget deficit rose to a record $956.8 billion in the first six months of the fiscal year after the government stepped up spending to cope with the recession that has depressed tax receipts, the Treasury Department reported Friday. The deficit through the first six months is more than three times higher than it was this time last year. The government has borrowed $1 trillion from the public so far this fiscal year. In March, the deficit widened to $192.3 billion from $48.2 billion in March 2008. Outlays rose 41% to $321.2 billion from $227 billion, while receipts dropped 28% to $129 billion from $178.8 billion.



To: TobagoJack who wrote (48417)4/11/2009 3:01:39 AM
From: Haim R. Branisteanu  Respond to of 217815
 
something more practical
hidden wishes do not count



To: TobagoJack who wrote (48417)4/11/2009 3:10:11 AM
From: elmatador  Read Replies (1) | Respond to of 217815
 
Gold: the mother of all liquids. When the liquid assets disappear, Gold had always been the liquid assets to turn to.

That because it could be transported and converted into the cash of the next place or just exchanged in kind.

Once everything lost its relationship to Gold: 15th August 1971, the door was open to create artificial wealth and play liquidity creation out of thin air.