Quote from niceneasy:
the US is a roughly 12 -14 trillion dollar economy off the top of my head. we dwarf all other economies. a few hundred billion here or there is chicken feed
GDP is near USDtrn14, debt is near USDtrn 10.
i have no idea what to think about the whole bailout.
business as usual? crisis done? FED policy as good as
ever, meaning will be continued with minor changes
here and there?
jim rogers predicted the current crisis and shorted the
twins at around 70. he now predicts the FED is out of
business within a decade or two. i find both tough: to
believe this opinion and to dismiss it. but i learned in
this business that the guys who make the unlikely
calls and are right more often than they are not, are
... well, smart.
i guess we will return to normal right now. in a few
months this all is history. will it make a difference if
the US have a percent or two more debt in relation
to GDP? probably not. will the doomsday prophets
finally be right, one day? you know when you are
there. before you don't.
