Friday, May 28, 2010

IMF: next year gross debt to GDP at 97%, 110% by 2015

Unsustainable, to say the least.

US money supply plunges at 1930s pace as Obama eyes fresh stimulus


The US authorities have an entirely different explanation for the failure of stimulus measures to gain full traction. They are opting instead for yet further doses of Keynesian spending, despite warnings from the IMF that the gross public debt of the US will reach 97pc of GDP next year and 110pc by 2015.



Which of the following is worse:
A. Second dip recession (great depression)
B. Freeze and collapse of credit markets
C. US treasury default
D. Deflation
E. Hyper inflation
F. Stagflation

... all of the above at varying times over the next couple of years, guaranteeing there's no where to hide your retirement funds.

Optimists say: Keynesian economical approach 'could work' (for the first time in history), and growth combined with deliberate moderate inflation could erase or subdue all current worries.

Did I say spooky already?


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