Word: debt
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...early 2007 what was about to happen in U.S. financial markets. This wasn't a broken-clock-is-right-twice-a-day thing: Schiff appeared on the national scene just as the credit bubble was reaching maximum inflation and offered a critique of the nation's unsustainably debt-fueled economic trajectory that is now--after the fact--widely accepted...
When the American electorate feels the pain of double-digit inflation and higher interest rates and taxes because of the enormous debt racked up by Obama and the Democrats, the pendulum of public opinion will swing back to sounder principles and the Republican Party. Let's hope it will not be too late and the Republicans won't screw it up again next time they're in power. Bob Routsong, ST. GEORGE, UTAH...
Americans' Credit-Card Debt...
...wasn't the size of the U.S. budget deficits - or how much Treasury debt China now buys - that made Tim Geithner blush in Beijing this morning. During his maiden visit to China as U.S. Treasury Secretary, Geithner visited Peking University to give a speech and answer a series of probing questions from students. The school - "Beida," as the Chinese call it - is probably the country's premier university, and in 1981, after his sophomore year at Dartmouth, Geithner did an eight-week program in Mandarin there. After his speech today, one of his old teachers produced a photo of Geithner...
...America's rising deficits. Indeed, a question Geithner heard from a bright young Peking University student is the same one he'll hear on Tuesday, when he is scheduled to meet with Chinese President Hu Jintao and Prime Minister Wen Jiabao: How safe are Chinese investments in U.S. Treasury debt...