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  • Country Default Risk
    What does default mean when you can print as much money as you want, and your debt is in your own currency?
    Nov 13 01:04 am |Rating: 0 0 |Link to Comment |View article
  • Global Stock Markets: Valuations Improving
    Tough crowd!
    Nov 11 02:30 am |Rating: 0 0 |Link to Comment |View article
  • Global Stock Markets: Torrid October Ends with a Bang
    OctoberFaith, I'm trying to make sense out of your words, but I'm not succeeding.
    Nov 02 22:15 pm |Rating: 0 0 |Link to Comment |View article
  • Global Stock Markets: Torrid October Ends with a Bang
    Governments across the world are creating new money at a furious clip, none so much as the US. This will produce an adrenaline rush for economies, none so much as the US. However, it will not last.

    Not too far down the road, all this extra money is going to lead to much higher interest rates on US government debt. That will drive a stake through the heart of the stock market. Make some money on the bounce now, but be prepared for the next drop. We have not seen THE bottom yet.
    Nov 02 16:38 pm |Rating: 0 0 |Link to Comment |View article
  • Impending Inflation? The Global 'New Deal' All but Guarantees It
    What's different about the US is that our debts are in our own currency, and we can create more if we want. All those other counties that are making $100B guarantees have to use the reserves they have accumulated by selling us real stuff.

    How do we get from deflation to inflation? Just redeem US Treasuries with brand-new cash. Or alternatively, just print money instead of borrowing it. We're looking at a trillion dollar increase in the national debt next year (there's your REAL deficit). Where is that kind of money going to come from? It even exceeds our current account deficit.

    Does ANYONE really think we are going to pay off our debts honestly?
    Oct 25 23:39 pm |Rating: 0 0 |Link to Comment |View article

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