Ghost of Igloi wrote:
yeah I know
but right now clearly there is nothing to worry about re; debt levels.
but markets said in 1999 there was nothing to worry about re; stock prices.
I'm holding gold in case of a problem...but just 5%...wouldn't help me too much
Most economists are starting to agree that deficit and debt level concern was a little overblown and it isn't really as much of an issue as once previously thought. Especially since the US dollar is the reserve currency of the world
Not so sure about that. It is pretty clear that Fed policy has lifted asset prices, but has done little to stimulate growth. We saw in the fall how the economy and Wall Street cannot handle a market driven interest rate. The Fed is putting off the inevitable rationalization of markets. From the Fake to the Real. The end result will have economic, social, and political consequences that are hard to predict.