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


To: GROUND ZERO™ who wrote (90803)10/25/2009 3:38:03 PM
From: fred woodall1 Recommendation  Read Replies (2) | Respond to of 94695
 
I was elected babysitter this weekend with a group of kids that are the age where every answer deserves another question.

One of them was browsing on the computer and found the US debt clock in favorites. This managed to draw some attention and I carefully explained what some of the numbers were and why they were adding up so fast. Nine year old concluded by saying, "those people must be stupid".

I didn't have the heart to explain the "Pvt. debt per citizen icon".



To: GROUND ZERO™ who wrote (90803)10/26/2009 8:46:56 AM
From: Real Man8 Recommendations  Read Replies (2) | Respond to of 94695
 
Easy Ben won't pull the money, these just stories. First,
he is still printing a lot, with almost half of the program
of printing yet to run course until March. Second, well,
the Fed now owns the bad loans, on their balance sheet.
That means no way out. There is just empty noise from the Fed
in order to halt the dollar slide. Folks are getting it,
gradually. <g>

Not that this helps us any. To the contrary. But they
know a very bad boo boo will come if the dollar slides
to new lows and the slide accelerates, so they are talking.
Talk is cheap, and none of the tightening talk ever
materialized. They are losing credibility. The policy
of mopping up after bubbles that they pursued was wrong,
because bubbles change the structure of the economy.