WE ARE QUITE CERTAIN THAT IN THE UNITED STATES, BANK AFTER BANK WLL BE RESCUED AS CITIBANK WAS THIS WEEKEND
WHO WILL BE NEXT…BANK OF AMERICA, JP MORGAN, GOLDMAN SACHS, MORGAN STANLEY?
The surprise is not that they will be rescued, the surprise is that not enough attention is being paid to the fact that the U.S. will have to sell several $ trillions in bonds in order to finance the above bail outs. If bond buyers wise up, they will stop buying a bond with an almost infinite quantity for sale, and they will start selling them. . . .
Continue Reading: WE ARE QUITE CERTAIN THAT IN THE UNITED STATES, BANK AFTER BANK WILL BE RESCUED AS CITIBANK WAS THIS WEEKEND.
