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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Skywatcher who wrote (90562)	10/14/2009 1:45:08 PM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 94695

I agree, they're both garbage... GZ

To: Skywatcher who wrote (90562)	10/14/2009 3:15:32 PM
From: puborectalis	Respond to of 94695

Investors have shown confidence in the U.S. government's ability to maintain sustainable growth, Geithner said, and that confidence has helped stabilize the value of dollar assets. According to Geithner, the U.S. economy has seen a significant adjustment. Its current account deficit has fallen to about 3 percent of GDP in the second quarter 2009 from about 7 percent in 2005. This shows that "exceptional things" are being done to fix the financial system, either without borrowing or by borrowing substantially less from the rest of the world, Geithner said. The stability of the U.S. currency is a top concern for the treasury secretary, as the dollar plays a special role as the world's international reserve currency, thus affecting monetary stability. "The dollar's role comes with special burdens and responsibilities that require we are especially careful to sustain confidence in U.S. financial assets," he said. But Geithner emphasized that a fundamental issue for reforming the international monetary system is to get economic policies right. "You can have people spend a lot of time talking about international monetary reform and the future of the fund, the SDR (Special Drawing Rights)," he said. "But if people don't get the policies right, it doesn't matter what they do." Geithner also said the United States needs to prove it can balance sustainability and a fiscal deficit. The best way to reach that goal is to restore the financial system and encourage a healthy private sector.

To: Skywatcher who wrote (90562)	10/14/2009 3:16:44 PM
From: puborectalis	Read Replies (3) \| Respond to of 94695

Older Americans are heading into and through retirement with a boatload of debt. They're carrying everything from mortgages and home-equity loans to big credit-card balances, and many are finding the burdens harder and harder to bear. In the last eight years, the over-55 crowd has become the age group most likely to declare bankruptcy, according to the AARP. The statistics are unsettling. More than half of people 50 and older who carry debt spend most of their monthly income paying it down. An AARP study released before the worst of the current recession hit found that a quarter of those folks spend more than 75 percent of their income on their debts.