I would guess that treasury yeilds aren’t going lower. They are at historical lows. The govenment is not going to reduce spending. Obama’s policies will not result in the magnitude of private sector growth required to achieve balance budgets. We will not develop domestic nuclear and natural gas resources. Balance of trade deficits will continue. Fiscal deficits will continue. Default on our outstanding debt through currency debasement is inevitable. Interest rates will rise unless Americans use all of the printed money to by US debt instead of Arab oil and Chinese manufactured goods.
I suspect California municipal governments are in the worst shape of all. The state is beyond broke and is currently confiscating both county and city revenue in an effort to mitigate budget deficits and lessen fiscal cuts.
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I would guess that treasury yeilds aren’t going lower. They are at historical lows. The govenment is not going to reduce spending. Obama’s policies will not result in the magnitude of private sector growth required to achieve balance budgets. We will not develop domestic nuclear and natural gas resources. Balance of trade deficits will continue. Fiscal deficits will continue. Default on our outstanding debt through currency debasement is inevitable. Interest rates will rise unless Americans use all of the printed money to by US debt instead of Arab oil and Chinese manufactured goods.
I suspect California municipal governments are in the worst shape of all. The state is beyond broke and is currently confiscating both county and city revenue in an effort to mitigate budget deficits and lessen fiscal cuts.