posted on Nov, 14 2009 @ 09:00 PM
More from Mish's above link:
"The Passage Of Time
Please note that $3.9 billion of the deficit is due to "passage of time". You can't make this stuff up, it's too bizarre.
Also note that the deficit was $35 billion in March. Hmmm. Guess what happens if the stock market goes down again.
Finally note that a "$10.6 billion charge due to an unfavorable change in interest factors." Think 0% interest rates has anything to do with
Calculated Risk says "With companies moving away from defined benefit plans, there will be fewer companies paying for insurance in the future - and
the 'long-term solution' will probably involve some sort of bailout."
Clearly Calculated Risk is not thinking technically, and neither am I. A huge bailout is coming and the next market decline will exacerbate the
Mike "Mish" Shedlock"