Credit Bubble Report Prudent Bear.com "unavailability of spending crisis"
"The problem today is not some misguided focus on inflation and balanced budgets. Hard money? Come on. The key issue is instead the evolving and worsening stresses associated with an historic boom in (all varieties of) marketable debt. To be sure, the markets are increasingly questioning the creditworthiness of various types of government debt from Greece to California. It should be recognized as a major issue that Credit concerns have made their way to the realm of sovereign and U.S. state obligations – the heart of contemporary “money” and Credit mechanisms. "
Everyone have great 4th, I'll be back ranting on July 16th.
Duratek
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment