These are some words from today's link:
The explosion of public debt will inevitably lead to either inflation or default, Ferguson added.
else's, in which case is probably a default.".....further quantitative easing from the U.S. Federal Reserve will not help the economy, as the extra liquidity is unlikely to stay within the country.
"All that liquidity ends up not where it is supposed to be, which is magically creating jobs for American workers in Michigan. It doesn't do that at all. It ends up pumping up commodity prices on the other side of the world, with lots of unforeseen consequences"
And, welcome to the first to friend this blog - Mike Heinz. Thanks man.
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