Wednesday, July 27, 2011

Rubber vs Glass

“Look at it this way…”

says the macrorisk analyst:

“Our Debt Ceiling’s rubber,

Our Credit Rating’s glass.

We can cushion ourselves

by printing more money;

but how we look to the IMF

is one thing, debtors, another.

We definitely aren’t

Going Out of Business

no matter what we do.

Neither is Red China.”

(27 JUL 11, Santa Clara CA)v2

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