Comment

Politicians Reach Deal to Mortgage America's Future

610
Ledger12/06/2009 10:36:40 pm PST

re: #439 FurryOldGuyJeans

I certainly was not surprised to hear that a compromise had been reached this Friday evening. The stock market is closed, the weekend looms so the FMSM has days to spin this as positive. 60 people have just voted for socialism for 300+ million.

I agree.

It is a well timed ambush for the markets. But, I think the bond market will figure it out and interest rates will rise and bonds will fall.

Over the long term I would expect inflation would rise. It will peak and quickly turn into horrendous deflation.

As par for the course a lot of money would be siphoned off by various 0bama lackeys. The average Joe will suffer.