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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (71587)	3/6/2011 7:38:00 PM
From: TobagoJack	Respond to of 217619

i remember that during the great asian financial crisis the general population of 7 mil hong kong folks took an across the board 36% pay cut in the balls, and the already highly paid civil servants got a 4 instead of 5% pay increase, and the elected politicians that gave them the pay made a solidarity show with the people by publicly announcing cancellation of purchases of porsches and such. hong kong electioneering is not nearly as diabolical as that in the usa, and is too transparently funny. the politicians have much to learn still.

To: carranza2 who wrote (71587)	3/7/2011 10:26:46 PM
From: TobagoJack	1 Recommendation Respond to of 217619

now that peace and tranquility has been restored, we can get back to the true business at hand, just in in-tray From: B Sent: Tue, March 8, 2011 11:06:23 AM Subject: Re: Comments - Week of March 7 So, how do they pull a Volcker if they cant raise interest rates??? Unless the Fed owns most of the debt. On Mon, Mar 7, 2011 at 7:31 PM, M wrote: If I recall, the US Government has the shortest average duration of debt of almost any nation at around 47 months or so. That means higher interest rates disproportionately raising interest payments if the Fed ever raises interest rates. They are digging a hole similar to Japan in that if interest rates double, the entire budget financing falls apart into a debt trap. On Tue, Mar 8, 2011 at 8:31 AM, b wrote: Attached (and at nowandfutures.com ) may help - debt service as percentage of Treasury income. From: A Sent: Monday, March 07, 2011 5:17 PM Subject: RE: Comments - Week of March 7 Impressive indeed, I wonder what the % of revenues which go to just paying interest is breaking point? 40% lower? From: M Sent: 08 March 2011 00:58 Subject: Re: Comments - Week of March 7 Wow....that's about double the number of Treasuries purchased by the Fed last month! Or put it another way, the deficit for February is about the same amount as the Bush deficit in 2007.....for the entire year..... I need to check at work, but I think that tax revenues in February 2011 were lower than in February 2010. Some recovery, eh? SNIP: The federal government posted its largest monthly deficit in history in February at $223 billion, according to preliminary numbers the Congressional Budget Office released Monday morning. That figure tops last February’s record of $220.9 billion, and marks the 29th straight month the government has run in the red — a modern record. The last time the federal government posted even a monthly surplus was September 2008, just before the financial collapse.