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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?


To: Terry Maloney who wrote (201095)7/18/2011 8:19:18 PM
From: Cogito Ergo Sum  Read Replies (1) | Respond to of 313061
 
right, I was thinking shorter term... because short term catastrophes have a way of generating new manifestations of problems.. like tsunamis in Japan ...

long term... I see no indication that the debt will ever be inflated away... like real negative interest rates ... we get real positive debt accumulation (guess the folks against the debt ceiling rising are thinking like that ??).. with 4 year (shorter for house) terms it seems too convenient to keep punting and count on attention deficit disorder... ie.. I think new spending outstrips inflation...

also isn't part of this a game of chicken with all those holding USD reserves.. what if they start cutting their losses... I fear trying the inflation route will end up in default.. US will never be America again then ... but Argentina del Norte.... so much to lose...

There's no way they can be competitive with India and China on anywhere near a level playing field not without a major standard of living change...

Which one would you choose if you were pirate nation with the most dominant military in the world's history? chinks showing up in that armour.. thinking of how 'contractors' played a role in Iraq .. one suggestion on BNN today was well if we do not raise the debt ceiling we could take money from ... social security .. medicare... paying the troops LOL...a new spin on the million man march ?