Monday, October 13, 2008

Derivatives Deleveraging, Debt Deflation, Gold and Bailout II

Numbers flying around like flies at a picnic...along
with the attendees, helping themselves to the free food...
But it won't work. Ultimately, even if they came up with a $1 trillion program, all it would do is buy time. I mentioned that there is $1000 trillion of various leveraged markets deleveraging, and putting up 1 trillion against that just won't work.
Full article.