You want to see scary? Check out the money supply in this chart from
the St. Louis Branch of the U.S. Federal Reserve Bank. I hope we run
out of ink and paper soon.
Al Malin
Tricarb
On Nov 27, 2009, at 8:51 AM, robertduquette@sympatico.ca wrote:
> Hopefully, you'll excuse me for this ...
>
>
>
> Said in my best Groucho voice:
>
> So, if California defaults, does that mean there's less danger of it
> falling
> into the ocean? :)
>
>
> On a related note, I found this to be scary:
>
> http://www.cbc.ca/money/story/2009/11/27/world-markets-fall.html
>
>
>
> Dubai, the country where everyone is rich, is about to default on
> $60 billion
> US. Strangely, announcing that they're about to default, means they
> owe less
> as that devalued the US dollar. But, the price of oil also dropped,
> so they
> most likely are less able to pay. The Yen gained strength over the
> dollar
> which is not what they want because it hurts their exporting
> ability. My
> brain hurts! Thank goodness I don't have money to invest. :)
>
>
>
>
>
> Robert Duquette
> Ottawa ON Canada
> 1965 RHD BRG Austin-Healey Sprite ( project )
> 1967 RHD MG Midget ( aka: Miss Marple )
> 1955 Austin-Healey 100 BN1 ( aka: Carmen )
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