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  • Non-Farm Payrolls: Enough for a Fed Rate Cut? [View article]
    And the next domino starts to topple:

    Per Bloomberg:

    Schwarzenegger Tells Paulson States May Need Loans

    California needs $7 Billion to cover short term cash flow shortages. Any guess how often these shortages will recur? Is it going to be $7 Billion per month?

    Expect Congress to continue raising the debt ceiling repeatedly over the next several years.

    I believe this might qualify as "spiraling out of control".

    www.bloomberg.com/apps...
    Oct 03 11:21 am |Rating: 0 0
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