Thread: The strongest economy in the world
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Old 20-02-2008, 10:24 PM   #565 (permalink)
Milkman
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Quote:
Originally Posted by Norton View Post
Quote:
Originally Posted by Milkman
This may be a recipe for the perfect financial storm. We'll have to wait and see.
The perfect description MM. All the factors that make for a major economic disaster are in play. Oil prices closed at $100 today with expectations they will rise further, government spending at record deficit, jobs down, inflation on the rise, consumer spending down, loan defaults and the list goes on. Hard to remain optimistic!
The M3 money supply (money printed by the Fed) is now secret. Prior to 2004 it was public info. How much is the Fed printing? We don't know.

Housing downturn tricking into other aspects of the economy. Not just the builders.

CPI and PPI

First wave of Baby Boomers hitting SS rolls now.

Medicare will be many times worse.


The American GAO (the US government's #1 accountant) is using mathematical calculations and he is telling us this.

Politicians won't dare discuss it. They won't be around anyway.
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