Saturday, April 9, 2011


Rarely are things clear:   But these things are clear in the intermediate term, say 3 years.

Higher taxes
Higher interest rates
Higher commodity prices, in relation to fiat currency.



  1. Well said Steveo.
    Higher food prices and just about everything else that is consumed without leverage.
    Lower housing and commercial real estate prices since they normally require large amounts of leverage. The sovereign debt crisis is also just beginning.
    Hang on to your hat, it's going to be a wild ride.

  2. Higher budgets, even with 'budget cuts'. How about if we just get out of Iraq and Afghanistan and close half of our military bases around the world? I bet that would reduce the deficit. Just guessing.

  3. I drove by a van the other month....painted across the whole back was "Peace-- We Broke!"

  4. It is also all about "defaulting on the debt" and what mannerism and shenanigans and subterfuges are used. "printing", restructuring, full on default, threat of default, haircut, "nationalizing", how can I count the ways?


Insightful and Useful Comment!