Discussion in 'Financial Cents' started by Tango3, Aug 30, 2009.
chris martensen's blog:
Okay, this is what I got from this article:
-New credit growth falls below intrest payments. (already happened)
-Fed monitizes debt. ($3 billion a day and counting...)
-Govt deficit spending exceeds 10% of GDP. (up to 13% now)
-Dollar goes down while treasury note intrest rates go up ($USD goes into the low 70's, and $TNX jumps 50 points in a day- luckily hasn't happened yet)
-US debt owned by foreign sources becomes denominated in THEIR currency, or other non-Dollar currency. (hasn't happened yet)
At lease I have some specifics to look for now, and understand why they matter when they come into play. Thanks for the article, Tango3!
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