As my father always said..."the market climbs a wall of worry".
Posted on 05/03/2009 7:24:40 PM PDT by reaganaut1
The solution is massive government spending cuts.
“Page 53” ping.
The Slimes ACTUALLY reported the news? Quick, what is the temp in hell?
DUH...the NY Times has a bunch of C student “journalists” that understand nothing about economics and less about politics.
“Worries rise” indicates present tense.
Most human Americans who are neither mentally unstable nor liars have been tense in the past over the debt!!!
Not good.
Watch the dollar lose value, tax revenue drop like a rock, and then we’ll be in a zimbabwe-style pickle.
40 degrees F and dropping.
Bill clinton, who is a creep but is not clueless like O, used to worry about the bond market. He used to say he wishes “he would come back after he dies as the bond markert so he could scare the hell out of people.”
The comment is a window into Clinton’s thuggish mind but he knew he could not run defecits anywhere like Obama.
The whole bonds and credit market was hammed and totally screwed up due to Soros, Flowers, john pauls and O’s offshore cronies hammering the markets in Oct 2008 to get him elected. The bonds markets are getting a bit closer to normal and these defecits are insanity.
Hussein wants to turn America into Zimbabwe.
Zimbabwe keeps coming up as my biggest fear. This is not good.
Well isn’t that what we’ve been screaming about?
As my father always said..."the market climbs a wall of worry".
We already have our Mugabe.
The difference is when his supporters come for my property all they’ll get is a pine overcoat for their trip to Hell.
Our government is going to default on its debts both to T-Bill holders and to the citizens that it stole the fradulant SS/Medicare taxes from.
It was actually James Carville who said something like that: "When I come back I want to come back as the bond market, because then you can intimidate everybody."
When the government spends over 50 percent of GDP then effectively the country is Bankrupt..
Thanks Obama... you put the USA on welfare.... Typical....
The problem is where are you goint to cut. The entitlement programs consume about 50% of the budget. DOD is about 20% and the debt servicing costs are about 15%. That doesn’t leave much to cut.
Note how the volume tapers off as the market rises. The sheep are being led to slaughter.
Bingo. The road map out is the Constitution. If its not in Article 1, Section 8, you can't spend money on it.
Who’s worrying? Not gubmint. Gubmint is too busy spending to worry. Not me and my fellow taxpayers. We still have $20 or $30 we can kick in. I think this worry claim is vastly over-blown.
Besides, if ‘Merca gets too deeply into debt we can call that outfit that settles credit card debts for you. They have experience at this sort of thing.
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