Sat, Jul 23, 2011 - 9:43pm
I think most of you read Zero Hedge but here is a thread for comments for those not registered over there. Me thinks 3 month extensions should be bad for fiat and good for metals if indeed we do get 300 more in debt with no spending cuts. I think the trend is our (PM's) friend.
Alas this now appears to be a mirage: at best the Republicans will agree to a $200-300 billion extension to get the Treasury through for another 2 months (although at the delayed run rate, Geithner needs to issue $350 billion in debt right now just to catch up with where bond issuance should be).
Edited by: Violent Rhetoric on Nov 8, 2014 - 5:05am