[Sun]

Wonder if it will be inflation or deflation?

[EagleUSA]

Socialism never has worked...and it is not working now.

And the people of this country get it. Obama is just trying to stall the inevitable until the November elections.

[blam]

REMINDER: Even The Government Admits The US Is Completely Bankrupt Over The Long Haul

Seriously? We're THIS screwed?

Given that President Obama just promised to cut the deficit in half (as a percentage of GDP) by 2013, we figured it made sense to go back and review the White House's official deficit projections.

President Obama's promise is consistent with the White House's existing forecasts, which call for the deficit to drop from -10%+ of GDP this year to about -4% of GDP in 2013.

The problem is that the White House's longer-term projections don't show the deficit getting much better than that.

Ever.

[dfwgator]

And here are the new bills they are printing:

[montanajoe]

I have thought since the summer of 2008 (with $150 barrel oil and $1000 gold) that deflation was the real potential problem not inflation. My view is unchanged.

Today interest on 30 year treasuries is about 3%, the price of oil with no new drilling allowed in the gulf is about $75 a barrel.

The only thing that explains is underlying deflation in the economy..

[Southack]

Most people see money-printing and think “inflation,” but the reality is that:

#1: debt is deflationary. More debt means less inflation in Japan, Europe, and the U.S.

#2: the money supply is all cash plus all credit. Credit has been destroyed and lots of cash is going overseas to pay Chinese manufacturers and Saudi oil producers.

You can run the printing presses night and day, yet still fail to prevent deflation if you don’t address #1&2 above.

[Grizzled Bear]

Jeez...now we've achieved "Zimbabwe."

[blam]

Economic Outlook: Worsening Picture In The US

[Kozak]

I get the feeling we are one “Black Swan “ be it war, natural disaster, etc, away from total catastrophe....

[freekitty]

Does anyone have anything good to print?

[rawhide]

How does someone protect the value of their 401K if the Feds start printing money like crazy?

[redgolum]

For inflation, you need that money to hit the streets. In other words, you need salaries to rise without a rise in goods.

So far, that isn’t happening.

[wiggen]

Ping