Four Numbers Add Up to an American Debt Disaster

By Patrick   follow   Thu, 29 Mar 2012, 10:42am PDT   ↑ Like   ↓ Dislike   1,185 views   5 comments   Watch (0)   Share   Quote  

http://www.bloomberg.com/news/2012-03-28/four-numbers-add-up-to-an-american-debt-disaster.html

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citizen jpp   befriend (0)   ignore (0)   Fri, 30 Mar 2012, 12:50am PDT   Like   Dislike     Share   Quote   Comment 1

Oh, I miss the late 90s...

zzyzzx   befriend (10)   ignore (6)   Fri, 30 Mar 2012, 5:54am PDT   Like   Dislike     Share   Quote   Comment 2

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

citizen jpp   befriend (0)   ignore (0)   Fri, 30 Mar 2012, 6:28am PDT   Like   Dislike     Share   Quote   Comment 3

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.

EBGuy   befriend (0)   ignore (0)   Fri, 30 Mar 2012, 7:12am PDT   Like (1)   Dislike     Share   Quote   Comment 4

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.

citizen jpp   befriend (0)   ignore (0)   Fri, 30 Mar 2012, 6:21pm PDT   Like (1)   Dislike     Share   Quote   Comment 5

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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