home.comcast.net...
How long can the government continue to extend & pretend? How long can public policy endlessly ‘kick-the-can’ down the road without addressing
the underlying causes? Such a critical point is often academically referred to as a ‘Tipping Point’ or what newsletter writer John Mauldin refers
to as a ‘Finger of Instability’. I am more pragmatic and as an investor, who is forced to call the timing, I refer to it as the Maturity
Wall
perhaps someone more economically bond savvy can tell me if this article is really that alerting....i believe it is
What has surprisingly received little media attention is that the US Government has been steadily reducing the maturity of its treasury portfolio
to keep fiscal deficits down. Whether interest rates rise or it becomes a problem for the US Treasury to re-fund the ever expanding roll-over pools,
both suggest a Maturity Wall is dead ahead. It will occur no later than 2012, but it will likely be triggered with the next financial default
scare.
it's been a while since i posted.....seems the gov't will no longer be able to kick the can down the road by 2012 at the latest and "austerity"
measures may be employed ...we have never seen a problem like this in the usa.......
it's not a big leap to see how we have a cashless society (fiat currency collapse as gov't bond market's can't service debt.....and a global
government....after many gov't become unstable following .....social upheaval and unrest following a major financial terror episode......people think
we were close in fall of 2008......yet we realized we kicked the can down the road.....what else should we think will happen in the next two
years.....
[edit on 7-4-2010 by cpdaman]