$8 Trillion Reasons To Worry About Inflation
Contrarian Profits (November 25th, 2008) Writes:
Nations do not purchase their prosperity, says Eric Fry. Since this crisis started last year, the government has thrown around $8 trillion at the problem. But these are banknotes that it has manufactured for itself. And that’s why we may soon face a severe threat from inflation.
This from The Rude Awakening:
Citigroup did not go bankrupt yesterday, therefore the Dow Jones Industrial Average soared nearly 400 points. If Citigroup does not go bankrupt tomorrow, there’s no telling how high the Dow might go.
Joy and jubilation returned to Wall Street yesterday because the federal government tossed a $326 billion lifeline to Citigroup - $306 billion worth of loan guarantees and $20 billion of actual cash. Unfortunately, Dow points aren’t as cheap as they used to be. Remember last March, when the Treasury handed a $30 billion check to J.P. Morgan to finance the Bear Stearns takeover? The Dow rallied 187
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