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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: DebtBomb who wrote (23652)	10/21/2009 10:27:06 AM
From: Real Man	1 Recommendation Read Replies (2) \| Respond to of 71409

TALF is a loan facility. It does not cure insolvency, and neither do banks go there since it has strings attached - no fat bonuses. They go to the Fed. However, Fed printing also runs out in March, unless it is extended, which I fully expect if the Fed does not succeed blowing yet another asset bubble. They will sure try to print our way out of the mess. Somehow I don't see this as a solution. To me, personally, the ticking bomb is the Fed itself, the sovereign credit of the United States, still AAA, backed by garbage. Nobody reasonable would expect AAA to change, the rating is paid for. However, how long can this explicit default last without some significant selling?