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Four Numbers Add Up to an American Debt Disaster


By Patrick   Follow   Thu, 29 Mar 2012, 10:42am PDT   789 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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citizen jpp   Fri, 30 Mar 2012, 12:50am PDT   Share   Quote   Permalink   Like   Dislike     Comment 1

Oh, I miss the late 90s...

zzyzzx   Fri, 30 Mar 2012, 5:54am PDT   Share   Quote   Permalink   Like   Dislike     Comment 2

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

citizen jpp   Fri, 30 Mar 2012, 6:28am PDT   Share   Quote   Permalink   Like   Dislike     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   Fri, 30 Mar 2012, 7:12am PDT   Share   Quote   Permalink   Like (1)   Dislike     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   Fri, 30 Mar 2012, 6:21pm PDT   Share   Quote   Permalink   Like (1)   Dislike     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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