SOVEREIGN DEBT is the next crisis, We currently owe $14 TRILLION that doesn't include the "unfunded liabilities" which some have said could easily equal $50 TRILLION.
2011 and beyond budget deficits may come in near $1.5 TRILLION, the Gov't will issue bonds to cover this and it is obvious this debt can never be paid back, we could only hope to keep paying the interest on it.....out one savings grace is the RESERVE CURRENCY...sleep tight at night.
Goosing the stock market is the FED'S main job and priority, it is very comforting to know prices can never fall.
D
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