Quote from Ricter:
Whoa, looks like 2005, 2009, 2011 all over again!
*yawn*
Yada yada yada. You're a prime example of, mentioned in another thread, one who's trying to sell fear. Look at 30 years of the 30 year, and slither back under your rock until we have something real to worry about.Quote from Tsing Tao:
Further illustrates your complete lack of understanding.
2005 was pre-crash, there was no QE to taper, merely low rates (1.5%) to rise from.
2009 and 2011 had no tapering, merely promises of more QE (which happened). This time, we're at the end of the road. Of course, the Fed could come out and say it will monetize in order to peg rates down - saying they'll do more QE is pointless, since by 2014 end they will be QE'ing more than the Treasury Issues entirely.
You just don't see the challenge the Fed has ahead, do you? It's not your fault, I guess. I blame inbreeding or severe alcohol poisoning over a long period of time.
Quote from Ricter:
Yada yada yada. You're a prime example of, mentioned in another thread, one who's trying to sell fear. Look at 30 years of the 30 year, and slither back under your rock until we have something real to worry about.
Quote from Ricter:
That's all you've got, accusations.
Debt matters, so do assets.
So you think we should continue kicking the can down the road as if we can get away with it forever?Quote from Covertibility:
1973 - America's Coming Bankruptcy: How the government is wrecking your dollar
1991 - The Bankruptcy of America: How the Boom of the 80's Became the Bust of the 90's
1993 - Bankruptcy 1995: The Coming Collapse of America and How to Stop It
And of course the debt matters people are still writing books and playing with Excel predicting doom and whatnot.