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Conspiracies & Cover-ups
Money, Banking and the Fed
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<blockquote data-quote="CaryP" data-source="post: 7320" data-attributes="member: 34"><p><strong>Money, Banking and the Fed</strong></p><p></p><p>I've copied an article written by Stephen Roach, chief global economist for Morgan Stanley Dean Witter. Mr. Roach's analysis IMO is dead on accurate. The article <em>Twin Deficits at the Flashpoint?</em> details the financial perils/risks of running massive trade and budget deficits. The US has been borrowing about $1 Trillion + per year now for at least two years. Such spendthrift ways never end mildly. When a major Wall Street firm starts warning of impending danger from the debt bubble, it's best to pay attention. Wall Street tends to stay on the "happy" side of the street. Here's the article.</p><p></p><p></p><p></p><p>Bold highlights are mine. September and October are usually the "cruel" months for the stock market.</p><p></p><p>Cary</p></blockquote><p></p>
[QUOTE="CaryP, post: 7320, member: 34"] [b]Money, Banking and the Fed[/b] I've copied an article written by Stephen Roach, chief global economist for Morgan Stanley Dean Witter. Mr. Roach's analysis IMO is dead on accurate. The article [i]Twin Deficits at the Flashpoint?[/i] details the financial perils/risks of running massive trade and budget deficits. The US has been borrowing about $1 Trillion + per year now for at least two years. Such spendthrift ways never end mildly. When a major Wall Street firm starts warning of impending danger from the debt bubble, it's best to pay attention. Wall Street tends to stay on the "happy" side of the street. Here's the article. Bold highlights are mine. September and October are usually the "cruel" months for the stock market. Cary [/QUOTE]
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