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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: skinowski who wrote (100830)	8/14/2009 10:56:55 AM
From: ggersh	Respond to of 116555

"Question -- I may be missing something, but still, If a regular non-economist person like myself can grasp this, how come high flying economists and presidential advisors DO NOT??" Thats what the get paid for! Think 3 monkeys.

To: skinowski who wrote (100830)	8/14/2009 11:28:27 AM
From: Jimh068	Read Replies (1) \| Respond to of 116555

Yes and as these loans default, they will have to continue to raise more cash. If home and commercial loans were ever marked to value, poof, banks gone. This is not hidden from view, it is being pushed into the future. More cash, more government debt, until how high. Government debt will never go away, at least until the dollar does.