Originally posted by vitterd
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What happens when china stops buying our debt that we are racking up?
Why did the philly fed plung to -7.7 on EXPECTATIONS of +7.0..
Dear philly fed, is buisness really dying?
Initial claims 500,000, expecattions of 478k and here is the kickers of this admin, the revisions....Previous revised to 488k, 300k+ weekly increase in extended aid recipients...
Pretty soon this admin will be putting up Social Security, medicare and the SEC up for IPO just like (GM) gov't motors is, now go out and get brainwashed and buy that worthless 40billion we spent to save that company, oh that's right, they paid back 5billion,lets make a commercial..
And please read this, cuz it's very good..
Eight questions for secretary geithner on treasury holdings and purchases
Eight Questions For Secretary Geithner On Treasury Holdings And Purchases | zero hedge
FED BECOMES TOP HOLDER OF US DEBT, REALLY, SHOCKING
$102 Billion In 2,5 And 7 Year Treasuries On Deck For Next Week As Fed Prepares To Become Top Holder Of U.S. Debt | zero hedge
Paul Farrell knocks it out of the ballpark today: "Yes, it's going to get worse, a whole lot worse ... Bill Gross warns this is the "New Normal. Forget 10% returns. Think 5%". ... Economist Larry Kotlikoff, author of The Coming Generational Storm, warns: "Let's get real. The U.S. is bankrupt. Neither spending nor taxing will help the country pay its bills" ... Economist Peter Morici warns: "Unemployment is stuck near 10%. Deflation coming. Stock market threatens collapse. The Federal Reserve and Barack Obama are out of bullets. Near zero federal funds rates, central bank purchases, a $1.6 trillion deficit have failed to revive the economy." ... Simon Johnson, co-author of 13 Bankers, warns: "We came close to another Great Depression, next time we may not be so lucky." Why? Because Wall Street's already well into the next bubble/bust cycle -- the "doom cycle."
We are getting a sense why traditionally optimistic and hopeful Americans tend to broadly despise realists...
NOW I SEE WHY THEY ARE DOING SUCH A GOOD JOB....
NOW VITTERD, JUST GIVE ME 1 THING THEY HAVE DONE TO HELP OUT THE AVG JOE?
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