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

To: RetiredNow who wrote (123218)	10/9/2012 10:12:16 PM
From: John Vosilla	Read Replies (1) \| Respond to of 149317

Europe is in depression right now, China slowing down significantly and in a sort of trade war with Japan. Those along with the US make up maybe 90% of the global economy. We got Bernanke dollars, zero percent rates and a MIC wanting to kick ass spending even more money we don't have all with little benefit to J6P. This is saving us for now.

To: RetiredNow who wrote (123218)	10/9/2012 10:50:35 PM
From: Sr K	Read Replies (2) \| Respond to of 149317

Our low interest rates are what allows Spain to borrow at 7%. If you had your way and the 10-yr UST was 5% so your money market funds would pay 4.75%, Spain and Greece would collapse. Not that that couldn't still happen. Be thankful or at least appreciate that we are insulated pretty well, and the low rates are what will slowly move underwater mortgages to even. It's the best way out. Did you ever wonder why a U.S. Treasury Secretary would spend time in Europe?