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View Diary: Not Enough Stimuli Could Be Worse Than None (201 comments)

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  •  I'm concerned (4+ / 0-)
    Recommended by:
    Sparhawk, OLinda, Jim P, Jeff Y

    that no one seems the least bit concerned that the source of the funding for the stimulus, or plural of that, will just keep on streaming in, that the Chinese, Japanese, Saudis and others will just keep buying our debt, no matter what.

    The only expression of concern I've seen has come from Peter Schiff who was laughed at when he predicted the bursting of the financial bubble and the onset of the situation we find ourselves in now.

    •  Bingo! (1+ / 0-)
      Recommended by:
      truong son traveler

      I've not saved the links, but Germany, for instance just had a disappointing bond sale. And almost all of the "gold bugs" and anti-fiat money people (who predicted what we have in detail for the last few years) have pointed out that these nations you've mentioned are in no position to be buying bonds past March, or at the latest September of '09.

      No one should be surprised if the "stimulus" discussion hasn't become a "disgorge your ill-gotten gains" discussion before the year is out.

      Until we break the corporate virtual monopoly on what we hear and see, we keep losing, don't matter what we do.

      by Jim P on Mon Feb 02, 2009 at 10:59:56 PM PST

      [ Parent ]

    •  They also funded (1+ / 0-)
      Recommended by:
      truong son traveler

      our Iraq fiasco and still are.

      "Load up on guns, bring your friends, it's fun to lose and to pretend" Kurt Cobain-1991

      by Jeff Y on Mon Feb 02, 2009 at 11:03:09 PM PST

      [ Parent ]

    •  On point, from Times of London online (4+ / 0-)

      The American economist Nouriel Roubini said growth figures of 6.8% in the fourth quarter of 2008 masked the reality that China was already in recession – a view privately shared by many Chinese financial analysts who dare not say so in public.

      The story is actually about the spreading violent unrest in China as workers are losing their jobs all over the place.

      How they gonna be buying our bonds?

      Until we break the corporate virtual monopoly on what we hear and see, we keep losing, don't matter what we do.

      by Jim P on Mon Feb 02, 2009 at 11:44:42 PM PST

      [ Parent ]

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