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Okay, here's a scary thought - reality? - thought....
If you were watching the market struggle along today you noticed the sag at 1 pm and the dive at 2. Why did this happen? Consider this: it was the disappointing - and ominous - results of two government debt auctions in the UK and the US.
The United States and most other nations will try to spend their way out of this recession by raising money by selling debt, like today's auction of Treasuries. This is a fine plan -- as long as there is demand for the debt.
If there isn't, then where will the recovery money come from?
A mini-version of this may be starting to play out now concerning consumer borrowing - if no one has any money, it doesnt matter how low you set interest rares.
I just know that I was never able to get out of debt by spending more. I only did better by paying off what I owed.. and by not buying more until then.
But I do hope the stock market recovers for everyone that has their retirement in there...
I just know that I was never able to get out of debt by spending more. I only did better by paying off what I owed.. and by not buying more until then.
But I do hope the stock market recovers for everyone that has their retirement in there...
Why don' they get this concept
How is obama going to cut the deficit while spending like a drunken sailor on leave.
I just know that I was never able to get out of debt by spending more. I only did better by paying off what I owed.. and by not buying more until then.
But I do hope the stock market recovers for everyone that has their retirement in there...
The most immediate goal is not to get out of debt.
The immediate goal is to get the economy growing again.
And cutting spending (republican plan?) is not going to help with that goal.
Long term, yes.
Lets cut spending or increase tax revenues - whatever it takes.
But I'd like to wait on that until the economy has a more optimistic outlook.
The most immediate goal is not to get out of debt.
The immediate goal is to get the economy growing again.
And cutting spending (republican plan?) is not going to help with that goal.
Long term, yes.
Lets cut spending or increase tax revenues - whatever it takes.
But I'd like to wait on that until the economy has a more optimistic outlook.
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