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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: manalagi who wrote (104525)	11/21/2011 10:34:07 AM
From: RetiredNow	Respond to of 149317

My Prediction in Post 104394: I believe this will continue to accelerate over in Europe. I believe the US will start to see some cracks in short order. Next week, we'll find out the Super Committee is not so super and no deal will be reached. Check. Then it will take another week or two to produce a worthless deficit cut. Still in progress. In the mean time, the markets will tank. Check. Then in Jan, we'll hit the debt limit and the drama will start all over. Then next year, probably early next year, the US bond investors will start to sell off Treasuries in droves, which will increase rates in the US. At some point, after the stock market revisits the lows of March 2009, the Fed will start buying up all excess demand and will embark on the mother of all QEs, probably in the range of $2-3 trillion, which will spark 1980's style inflation by 2014. Still in progress.