Friday, March 8, 2013

MISH stuff

Just repeating a comment I saw--------

Chuck, everyone has a bias and belief system that guides their thinking. All I know is that the US government is borrowing ~33 cents on the dollar and that the Fed has forced interest rates to near zero and is buying MBS and US bonds to the tune of over $1 Trillion per year. 

 Add to that the government has 16.5 Trillion in debt and the consumer is $11 Triilion in debt. In other words, the economy is on life support and any attempt to remove it cause a lot of pain. 

 And soon all the boomers will be retiring and place an even bigger strains on an already bankrupt system. Yep, it's all roses and sunshine from here. 

Dow 36,000 is right around the corner.
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1 comment:

  1. Record 89,304,000 Americans 'Not in Labor Force' -- 296,000 Fewer Employed Since January


Insightful and Useful Comment!