Any talk of a V-shaped recovery is poppycock, Bob Rodriguez of First Pacific Advisors says, warning the bulk of U.S. credit problems are still to come. By the close of 2011, Treasury debt outstanding will be $14.6-16.6T, and debt-to-GDP ratio will rise to between 97-110%, which leads him to wonder: "How do we finance all this debt?" [View news story]
A National Lottery: For every dollar you pay in income taxes, you get a chance to win a $1Billion. Maybe that would bring in the tax cheats.
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A National Lottery: For every dollar you pay in income taxes, you get a chance to win a $1Billion. Maybe that would bring in the tax cheats.
Jun 03 19:29 pm
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All Comments by Market Holiday »Any talk of a V-shaped recovery is poppycock, Bob Rodriguez of First Pacific Advisors says, warning the bulk of U.S. credit problems are still to come. By the close of 2011, Treasury debt outstanding will be $14.6-16.6T, and debt-to-GDP ratio will rise to between 97-110%, which leads him to wonder: "How do we finance all this debt?" [View news story]