U.S. Debt May Undermine Long-Term Growth Prospects [View article]
We will suffer slower growth...no doubt about it. Also, the more the government takes over the operation of the economy through buyouts/bailouts, healthcare, cap and trade, and the like, the slower growth will be. The best growth will be in those countries that have limited government and the capability to increase credit growth at reasonable interest rates...not the USA of course.
It seems the FED would always embrace Q.E. and could become the lender of last resort if the interest rate environment turned hostile and threatened to crash the economy. This again would artifically provide us with low interest rates. The question in my mind is: is this the final reflation or is there another one lurking in the future somewhere.
U.S. Debt May Undermine Long-Term Growth Prospects [View article]
USD: Toxic Monetary Cocktail [View article]