Not everyone is so concerned.
Posted on 12/30/2009 6:51:14 AM PST by blam
'We're On The Path For Fireworks In 2010'
by: Prieur du Plessis
December 29, 2009
Many commentators have over the past few days churned out lists of 2010 predictions. Although never one to produce best and worst lists at the turn of the year, Richard Russell, 85-year-old doyen of newsletter writers and author of the Dow Theory Letters, did express a major concern, as quoted below:
I’m thinking that we’re on the path for fireworks in 2010. The reason I say that is because the federal deficits are running into the trillions of dollars. The roll-over of debt coming up in the next two years defies comprehension. For instance, in the next two years the U.S. must roll over $2.5 trillion. Worldwide, banks during the coming two years will have to roll over $7 trillion. On top of that commercial real estate in the U.S. has $750 billion to roll over.
Whether all this debt can be successfully rolled over is doubtful, but one thing is clear - interest rates will go up. This will have an immediate impact on housing. Nobody can negotiate a mortgage now - and worse, nobody has the money to buy a house for cash.
In the face of the deflationary events described above, the Fed will have to create a massive torrent of money. This should be highly inflationary - on top of the forces of deflation and semi-depression. Thus the base will be set for an inflationary depression, during which time the very viability of the dollar will come under suspicion.
[snip]
Something's going to give.
inflationary depression...........is that what some refer to as ‘stagflation’? Carter gave us stagflation, but inflationary depression sounds even worse
“...Something’s going to give. ....”
And I really want to run the Guillotine when we finally get to the cause of the disaster: The Obamaloon crowd.
Not everyone is so concerned.
Looks like he’s dreaming about Larry Sinclair with that mouth open so wide
The Taxman Cometh. And Behind him...
Erkle Obama
Wonder if voo-doo works on an ANTI-CHRIST
Things have been heading down this path long before Baraq Odingo became POTUS.
However, I’m all for “liberal” use of the gallows (guillotines are so messy).
I’m also in favor of revising the Constitution to give us more teeth for keeping the federal government in check.
Not to mention the democrats will do whatever they can to prevent the 2010 elections from happening, in the form of a fabricated crisis.
That is absolutely unfair.
Ice cream is out of season. Our President is much too cool (oppsy, a pun!) to eat ice cream in December. He is either golfing or surfing today.
Get your facts straight.
I’m with you.
We are closing our business tomorrow here in BAltimore...just can’t make it anymore. Two more jobs lost (not counting mine & my wifes).
I keep telling my parents (in their 80’s) to pull their money from their IRA;s and the market as I think it’s going to get REALLY bad....
We are packing up the house and getting ready to be able to move quickly.
I think it’s going to get REAL ugly soon....
Amen..
I want quick results in order to get to the neck ..err..next
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