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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: Wayners who wrote (29182)	4/14/2010 1:30:14 PM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 103300

"Still $1.3 Trillion cannot be sold in the markets without significantly higher interest rates." That's entirely possible I suppose... time will tell. However at the moment Treasury auctions are generally pretty well over-subscribed (and at historically low coupons) so there still seems to be a great deal of global demand. I agree, (of course!), that deficits of this magnitude are NOT sustainable however. I believe what the markets will be looking for is solid and STEADY progress in reducing the structural deficits. A 'glide path' if you will in the direction of higher growth (GNP) and year-over-year steady reductions in the deficit / revenue gap.