[reaganaut1]

Yes, that's the problem, the $800 billion bill had $70 billion of tax cuts. Obama won't make that mistake in future "stimulus" bills.

What has made America special is quickly being destroyed.

[Darkwolf377]

Have to get that pesky DOW down to single digits. Lot of work to do!

[FlingWingFlyer]

Let’s paaahh Tay like it’s 1929! - Paul Shanklin

[combat_boots]

A Market-Ticker posting:
http://www.tickerforum.org/cgi-ticker/akcs-www?post=81089&page=6

“A simple leverage calculation:
James turk says the US government owes 110 trillion.
http://www.dnaindia.com/report.asp?newsi....

If true, that is a debt of $360,000 per person in the USA. At 5%, that is $18,000 of interest / year / person. “Honey! Put the kids to work!”

2008 US tax receipts ~2.5 trillion. And in the past, supposedly, tax income dropped about 15% per year in challenging times. So the 2.5 might become 1.5 trillion in two years if conditions keep deteriorating.
http://www.breakthematrix.com/node/33022

US leverage now = 110 / 1.8 = 37 times!! And in 2 years, US leverage = 112 / 1.8 = 60 times.

Do you know anyone who can handle 50 times leverage? How about 50 times leverage in illiquid environments? And the government is in charge :-)

That is like buying $100,000 of stock with $2,000. If a 50 dollar stock goes down $1 (2%) you get a margin call. Simple noise will produce a margin call.”

[Uncle Miltie]

Time to move another wad of cash out of the U.S.

[Ikemeister]

Just as Rush predicted yesterday.