I noticed yesterday that our friends Paulson and Kashkarri announced that they will not seek the other half of that lovely and protective TARP...Now I think this is good development, and I have been for some time worried about a dislocation in the US treasury market and interest rates moving up...especially since we have spent so massively so early and continue not to learn from the mistakes that Japan made...For now the flight to safety has overpowered any problem that the US could have funding these massive budget shortfalls...next year however it is estimated that the US will have 1 trillion dollar shortfall
Well i find it interesting to note that this announcment comes the day after my main hommies kicked it at the G20...also a very interesting article about japan wanting the US to issue Treasuries in JPY...
Could hank have gotten a couple of whispers instead of the usual wink and nods he gets
Meanwhile back on the homefront every douchebag and their brother want a piece of the tarp
banks
insurers
automakers
conglomerates
now cities and counties
really really sad...and we not even in a recession yet right????
also my other to hommies freddie and fannie continue to be a blackhole
when does it end???
OH and PS ben is lying to ya about the FFR...we already are at effectively zirp
for those that dont know about the term LIQUIDITY TRAP that is one you might want to check into...this is how you still get insane delationary pressures despite the bald and the beard ramping money supply
No comments:
Post a Comment