The Hole Gets Deeper…

Sorry to be such a pest (and a pest and a pest), but someone has to do it… America is digging a hole it can’t get out of.

Getting nervous? So are the Chinese

Bottom line? Well, it’s all very short and not so sweet… The markets may well rebound through 2010… But somewhere around 2012 our national debt to GDP ratio will hit about 5:1 to 6:1… After that, look out.

Alan Speakman

UPDATE: Concerning that 6:1 ratio

2 Responses to The Hole Gets Deeper…

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