Relevant:
- NIA Projects Multi-Trillion Dollar Budget Deficits
- Treasury's Secretive ESF-Funded $2.4 Trillion Mutual Fund Guarantee
- ABA: Money Market Bailout Could Compromise Bank Deposits
- Fed Is Buying 61 Percent of U.S. Government Debt
- U.S. Gov's Budget Deficit Overshoots by 100%; Trillion-Dollar Deficits Expected Indefinitely
2008-09-22 — typepad.com
"The combination of spending $700 billion on soured mortgage-related assets and providing $400 billion to guarantee money-market mutual funds will boost U.S. borrowing as much as $1 trillion, according to Barclays Capital interest-rate strategist Michael Pond in New York. While the rescue may restore investor confidence to battered financial markets, traders will again focus on the twin budget and current-account deficits and negative real U.S. interest rates."
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Comments:
drboyd at 13:11 2008-09-23 said:
Of course it's a threat to the dollar! They're gonna print a trillion dollars and hand it out to Hank's frat brothers. Kiss your savings good-bye. :evil: Permalinkadd a comment | go to forum thread
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