Four Numbers Add Up to an American Debt Disaster


By Patrick   Follow   Thu, 29 Mar 2012, 5:42pm   683 views   5 comments
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http://www.bloomberg.com/news/2012-03-28/four-numbers-add-up-to-an-american-debt-disaster.html

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  1. citizen jpp


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    Wallingford, PA

    1   7:50am Fri 30 Mar 2012   Share   Quote   Permalink   Like   Dislike  

    Oh, I miss the late 90s...

  2. zzyzzx


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    Baltimore, MD

    2   12:54pm Fri 30 Mar 2012   Share   Quote   Permalink   Like   Dislike  

    So we'll see high interest rates in no less than 5 years, right?

  3. citizen jpp


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    Wallingford, PA

    3   1:28pm Fri 30 Mar 2012   Share   Quote   Permalink   Like   Dislike  

    I'm afraid were headed for continued deflation with increased money supply and an increasing value of the stock market.
    Lots of shoes to drop...
    All the king's horses and all the king's men
    Couldn't put Humpty together again.

  4. EBGuy


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    4   2:12pm Fri 30 Mar 2012   Share   Quote   Permalink   Like (1)   Dislike  

    Patrick, Thanks for posting that. I naively thought that the Treasury was taking advantage of low rates by issuing longer term debt. Instead, they're doing the equivalent of a 5/1 ARM.

  5. citizen jpp


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    Wallingford, PA

    5   1:21am Sat 31 Mar 2012   Share   Quote   Permalink   Like (1)   Dislike  

    EB, it began in force during the 90s, just like a few other policy moves that were very shortsighted and are a big part of the situation we are in today. It makes me cringe how the next 10 years will onfold based on how we handled the last three or four years.

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