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Road to Ruin: US net liabilities increased by $11 trillion in 2004

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Barrett808 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-11-05 04:04 PM
Original message
Road to Ruin: US net liabilities increased by $11 trillion in 2004
From $34.8 trillion in 2003 to $45.9 trillion in 2004.
Should we be concerned about this?

Road to Ruin
http://www.sprott.com/pdf/marketsataglance/01-17-2005.pdf
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papau Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-11-05 04:13 PM
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1. trade deficit - budget deficit - they don't matter. Bush has a plan.
:-)
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edhopper Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-11-05 04:23 PM
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2. Do a net search on Argentina
in the early 90s. Our financial situation is worse then theirs was before thier currency crumbled. A crisis in the dollar is just waiting to happen.
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