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Welcome, JET99999

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Joined on 9/21/2011

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Bill FleckensteinCOMMENT

The third stage of economic grief

When the dollar crashes and the Great Depression starts in earnest, Obama will just say "Bush's fault"
2/17/2013
Bill FleckensteinCOMMENT

The Fed knows nothing: Who knew?

Look at what Greenspan admitted in an interview a few years back (on the CNBC Housing Bubble special)  - that his "couple of 100 Ph D's" (including Bernanke) "couldn't figure out how derivative instruments actually worked" . Yet Greenspan just let it ride, and chose not to sound the alarm The massive easy-money fuel...more
1/26/2013
ArticleCommentsCOMMENT

Article Comment

One definiitoni of a trust fund -- an amount of CAPITAL which a person (the trustor) places in custody of a trustee to be administered for the benefit of another (the beneficiary).   Is there really "capital" in the social security trust fund?   Mr Lynch given his limited (see Wiki bio) among other things non-Atty...more
9/21/2011
ArticleCommentsCOMMENT

Article Comment

This entire article is a fraud.    Yes, social security is now for the first time in 2010 running current annual deficits, (i.e. no more surpluses to add each year to the 'trust fund"), and per CBO one half TRILLION additional borrowing (effectively printing) will be necessary over the next 10 years to cover the est...more
9/21/2011
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