Off-Topic: Another Prediction Comes True

Lake Martin Topics

(Lake Martin Specific)

111,183 messages

Updated 6/9/2024 1:00:09 PM

Off-Topic

Lakes Online Forum

83,677 messages

Updated 6/15/2024 9:40:12 AM

Boat Maintenance

Lakes Online Forum

5,197 messages

Updated 6/10/2024 5:39:11 AM

Lake Martin Fishing

(Lake Martin Specific)

4,171 messages

Updated 5/29/2024 10:51:34 PM

Jokes

Lakes Online Forum

4,170 messages

Updated 6/10/2024 6:29:37 PM

Sports

Lakes Online Forum

4,261 messages

Updated 5/28/2024 6:31:10 AM

Grilling & Recipes

Lakes Online Forum

2,977 messages

Updated 6/10/2024 6:30:23 PM

Lake Martin SCUBA

(Lake Martin Specific)

169 messages

Updated 5/31/2023 1:39:35 PM

Tallapoosa River Topics

Lakes Online Forum

98 messages

Updated 4/15/2024 1:00:58 AM

Forum Usage Rules

Welcome, Guest

Select View Mode: [ classic | beta | recent ]

	Name:	MartiniMan -
	Subject:	Another Prediction Comes True
	Date:	5/28/2009 8:38:22 AM

And yet another of my many predictions is coming true. The recent treasury sale is going in the wrong direction which is cause for concern about inflation and stagnant growth ala Jimmy Carter's stagflation. From cnbc: "A selling spree in Treasurys pushed rates higher, taking the yield curve to its steepest on record as spreads between the 2-year and 10-year widened by over a dozen basis points on Wednesday alone."

As I predicted, concern over the direction the Obama administration and Congress are headed with significant new regulation, deficits four times higher than anything Bush ever did (and projected to be $10 trillion), government takeover of private business, government violation of the rule of law in bankruptcies (ie, Chrysler where secured debtors took a back seat to the UAW and the government, both of whom were unsecured debtors) and the pending government takeover of the health care system are all heading us toward European socialism and economic malaise.

I heard an excellent interview this morning with the Chairman of BBT. He said the government is doing everything wrong and pointed out that the idea that the current problem is a result of deregulation is a crock. The banking system is the most heavily regulated (he said 70% to 80%) and it was government intervention in the free markets (Fannie and Freddie) that caused the collapse. He fears hyperinflation combined with weak growth and it will be because of the Obama administration unless they change their tact on the economy.

Other messages in this thread:

View Entire Thread

Another Prediction Comes True - MartiniMan - 5/28/2009 8:38:22 AM

Quick Links
Lake Martin News
Lake Martin Photos
Lake Martin Videos