Quote:
Originally Posted by burn_this_city
I don't think the world is in a full on recession yet. If the bailout fails to grease the wheels then absolutely.
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$700 billion is nothing.
It is a tiny drop in the bucket.
America does not have a liquidity problem, it has a solvency problem.
There is simply not enough capital in the entire country to support the level of debt in the entire country and the only solution left is to print money to try and make up the difference > there is no way in which this ends well over the short-medium term.
Some really good reading:
http://www.minyanville.com/
Claeren.