Let the good times roll!

[One_more_turn]

Originally posted by Kidicious


They've already resorted to printing. The budget deficit is going to be over a trillion dollars and the amount that the're actually printing is more than that. The baby boomers might as well get screwed over with the rest of us. There's no way I'm getting social security. I'm 40.

Yes and no.

Yes in the way monetary base has exploded, no because the printing is still in forms of swaps, repos, and new debts.

They haven't started monetizing the debt yet, which would amount to true "printing" in the old days.

[Kidlicious]

Originally posted by One_more_turn
They haven't started monetizing the debt yet, which would amount to true "printing" in the old days.

Right, the banks are suppose to pay back all the cash that they are borrowing, put the money is in the economy. It's just sitting in banks for now.

[Blaupanzer]

Originally posted by Oerdin
I say DOW 6000 in a 1.5 years.

Closer to 5500 by this time next year, after which the turn should begin if Obama's people get a handle on things by then. We are all hoping they won't make it worse.