The focus of the blog is on the economic and financial uncertainties that the world economies will face over the next five years along with demonstrating how investors can profit and survive during the upcoming manipulated economic chaos. Please keep-in-mind that I don't provide investment advice. I am simply posting what my investment views of the market happen to be. Your investment decisions are solely your own responsibility.
Wednesday, September 07, 2011
Remember That Debt Limit
Folks, we have $45 billion to go before we hit the debt ceiling. (See the following table.) You know that great deal we reached last month about increasing the debt ceiling by over $2 trillion; it lasted only a month! And now, this Administration wants to spend another $300 billion on a new stimulus program. The others have not worked, and this will not work either. The only thing it will do is create misery!!! Mark my word.
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