daffy

Wall Street Breakfast: Must-Know News

Very true Hedged In,

Good article. It would be interested in knowing exactly what the actual increase in debt has been thusfar, and where the directed numbers are taking us in regards to national debt. From my simplistic models using growth charts over the last century (pop, GDP, debt, etc.) I am finding that by 2015 we will hit a 34 T Public debt. That is eliminating all extra deficit spending by 2010, which is now a wholly ridiculous assumption. It appears we may approach 50 T with servicing costs, etc. People are just starting to bring numbers to the table and speaking out about this. Thta is not a sustainable debt.

The only thing that is happening here, is that we are moving the over leveraged part of our economic system to the gov which will then become weaker, and much more vulnerable to economic attack. We should be embarrassed to be letting all of this happen.

I agree that this rally is not sustainable. I am in for a short ride, maybe til earnings start coming in.