OT: So the debt grows…

[EmilyHicks]

Every body assumes that Obama is weak and buckled before Republicans’ pressure but I think he just want to spend so that the economy is good enough in the next two years that he will get reelected.

[EmilyHicks]

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[EmilyHicks]

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[EmilyHicks]

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[EmilyHicks]

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[EmilyHicks]

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[SD Realtor]

Funny I didn’t see the tnx at 2.5% today. Actually I saw the10 year hit 3.2% today.

Rich obviously you are a stooge and don’t understand things. See as long as we can keep borrowing everything is alright though. Of course if we can’t borrow we can just print our own money. Weeeeee!

I wonder what the next rationalization will be when credit gets cut off or interest rates start to really go up.

It will probably be something like, “Oh they will NEVER cut our credit off. It would hurt them to much.”

Someday it won’t.

[SD Realtor]

Funny I didn’t see the tnx at 2.5% today. Actually I saw the10 year hit 3.2% today.

Rich obviously you are a stooge and don’t understand things. See as long as we can keep borrowing everything is alright though. Of course if we can’t borrow we can just print our own money. Weeeeee!

I wonder what the next rationalization will be when credit gets cut off or interest rates start to really go up.

It will probably be something like, “Oh they will NEVER cut our credit off. It would hurt them to much.”

Someday it won’t.

[SD Realtor]

Funny I didn’t see the tnx at 2.5% today. Actually I saw the10 year hit 3.2% today.

Rich obviously you are a stooge and don’t understand things. See as long as we can keep borrowing everything is alright though. Of course if we can’t borrow we can just print our own money. Weeeeee!

I wonder what the next rationalization will be when credit gets cut off or interest rates start to really go up.

It will probably be something like, “Oh they will NEVER cut our credit off. It would hurt them to much.”

Someday it won’t.

[SD Realtor]

Funny I didn’t see the tnx at 2.5% today. Actually I saw the10 year hit 3.2% today.

Rich obviously you are a stooge and don’t understand things. See as long as we can keep borrowing everything is alright though. Of course if we can’t borrow we can just print our own money. Weeeeee!

I wonder what the next rationalization will be when credit gets cut off or interest rates start to really go up.

It will probably be something like, “Oh they will NEVER cut our credit off. It would hurt them to much.”

Someday it won’t.

[SD Realtor]

Funny I didn’t see the tnx at 2.5% today. Actually I saw the10 year hit 3.2% today.

Rich obviously you are a stooge and don’t understand things. See as long as we can keep borrowing everything is alright though. Of course if we can’t borrow we can just print our own money. Weeeeee!

I wonder what the next rationalization will be when credit gets cut off or interest rates start to really go up.

It will probably be something like, “Oh they will NEVER cut our credit off. It would hurt them to much.”

Someday it won’t.

[briansd1]

[quote=Rich Toscano]Brian, if you haven’t read Jeremy Grantham’s “Night of the Living Fed” piece I highly recommend it. It is a fantastic, data-driven, level-headed overview of the huge (negative) impact that Fed policy has had. The link is here:

https://www.gmo.com/America/CMSAttachmentDownload.aspx?target=JUBRxi51IIBwJ2T4%2bJCs9d6CpQTAnExAfN1Kr3QacNEU63zfC%2beAioyY4cwFoHTOZfWJoon8L%2bFR2X0BkOwOpUGaQrdwWohBxtISQZ88ZcMrqKkFNhrF%2bOKsvlbaQOlz

You may have to sign up but it’s free and worth it. If you read that you’ll understand why I push back hard on the idea of calling financial markets “the free market.”

[/quote]

Thanks for the link. I’ll definitely read the article.

Your differentiation between the financial markets and the free market makes sense to me.

[briansd1]

[quote=Rich Toscano]Brian, if you haven’t read Jeremy Grantham’s “Night of the Living Fed” piece I highly recommend it. It is a fantastic, data-driven, level-headed overview of the huge (negative) impact that Fed policy has had. The link is here:

https://www.gmo.com/America/CMSAttachmentDownload.aspx?target=JUBRxi51IIBwJ2T4%2bJCs9d6CpQTAnExAfN1Kr3QacNEU63zfC%2beAioyY4cwFoHTOZfWJoon8L%2bFR2X0BkOwOpUGaQrdwWohBxtISQZ88ZcMrqKkFNhrF%2bOKsvlbaQOlz

You may have to sign up but it’s free and worth it. If you read that you’ll understand why I push back hard on the idea of calling financial markets “the free market.”

[/quote]

Thanks for the link. I’ll definitely read the article.

Your differentiation between the financial markets and the free market makes sense to me.

[briansd1]

[quote=Rich Toscano]Brian, if you haven’t read Jeremy Grantham’s “Night of the Living Fed” piece I highly recommend it. It is a fantastic, data-driven, level-headed overview of the huge (negative) impact that Fed policy has had. The link is here:

https://www.gmo.com/America/CMSAttachmentDownload.aspx?target=JUBRxi51IIBwJ2T4%2bJCs9d6CpQTAnExAfN1Kr3QacNEU63zfC%2beAioyY4cwFoHTOZfWJoon8L%2bFR2X0BkOwOpUGaQrdwWohBxtISQZ88ZcMrqKkFNhrF%2bOKsvlbaQOlz

You may have to sign up but it’s free and worth it. If you read that you’ll understand why I push back hard on the idea of calling financial markets “the free market.”

[/quote]

Thanks for the link. I’ll definitely read the article.

Your differentiation between the financial markets and the free market makes sense to me.

[briansd1]

[quote=Rich Toscano]Brian, if you haven’t read Jeremy Grantham’s “Night of the Living Fed” piece I highly recommend it. It is a fantastic, data-driven, level-headed overview of the huge (negative) impact that Fed policy has had. The link is here:

https://www.gmo.com/America/CMSAttachmentDownload.aspx?target=JUBRxi51IIBwJ2T4%2bJCs9d6CpQTAnExAfN1Kr3QacNEU63zfC%2beAioyY4cwFoHTOZfWJoon8L%2bFR2X0BkOwOpUGaQrdwWohBxtISQZ88ZcMrqKkFNhrF%2bOKsvlbaQOlz

You may have to sign up but it’s free and worth it. If you read that you’ll understand why I push back hard on the idea of calling financial markets “the free market.”

[/quote]

Thanks for the link. I’ll definitely read the article.

Your differentiation between the financial markets and the free market makes sense to me.

[Author]

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