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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: roguedolphin who wrote (201091)5/7/2009 6:54:39 PM
From: Think4YourselfRead Replies (2) | Respond to of 306849
 
"At the root of the problems we face today is the reality that we are overburdened with debt. Forcing interest rates down through game-playing such as "Quantitative Easing" is fraud on a grand scale, as it intentionally ignores and even worsens the problem. "

And that, in a nutshell, is why China is dumping their treasury holdings. Last one out is a sucker, and China knows better. Their treasury sales are going to keep increasing, and brain dead Ben is going to give them top dollar for them to try and hold interest rates down. They are playing the government for chumps, and they are winning.

I fully expect each of the coming bond auctions to become more and more of a disaster. Today was the start of a new game, one that is going to brutally punish the people of this country. People are going to be very surprised at how fast interest rates start rising. People should also get ready for $4+ gas again, but the good news is that there will be plenty of it.



To: roguedolphin who wrote (201091)5/7/2009 7:51:44 PM
From: saveslivesbydayRespond to of 306849
 
Amen - Denninger summarizes well what many of us are thinking