Tax Revenue Plunges 34%, China Warns Fed

[pspr]

Lets see,

Possible nuclear war in Korea.
Possible nuclear war in the MiddleEast.

U.S. Tax revenues suffer largest drop ever.

http://www.usatoday.com/money/perfi/taxes/2009-05-26-irs-tax-revenue-down_N.htm

China warns the Fed not to print money.

http://www.telegraph.co.uk/finance/...arns-Federal-Reserve-over-printing-money.html

We're doomed!

 

[Debaser82]

The Chinese ordered the money printing.

They knew the only way to save Fannie and Freddie was by printing money.

Didnt care.

Just backstop it Uncle Sam.

Hypocrites.

 

[monee]

Damn!!

1/2 point increase in the 30 year fixed wholesale rate up to 5.28%