We already have more than we need.
What does this say about loan demand? It says it is virtually non-existent. This is very deflationary, almost depression-like behavior.
Thursday, August 4, 2011
Wednesday, August 3, 2011
Tuesday, August 2, 2011
Market Doesn't Like Debt Deal
The market didn't like the debt deal...because it doesn't include revenues, doesn't cut nearly enough spending (needed to be at least 5 trillion) to put us on a credible path to solvency, and basically, the fiasco proved to Wall Street that the good old Government DOES NOT HAVE ANY MORE $ TO BAIL THEM OUT!
So they are on their own now...and without free money from the FED...they can't make it.
Can you say?..."Double Crash"? Better learn how.
Subscribe to:
Posts (Atom)
Posts
