Friday, September 25, 2009

The Maestro Of Exhuberance Now Warns of Danger

The wolf now warns of trouble in the hen house:

From Bloomberg:
"Former Federal Reserve Chairman Alan Greenspan said Sept. 16 that U.S. debt, already about 84 percent of GDP, is “very dangerous” and threatens both Treasuries and the dollar. Greenspan said that if there was a significant issuance of Treasury securities that increased the debt, “there would be of necessity downward pressure on the dollar.” “We’ve got to confront that issue immediately,” he said."

This chart should alarm everyone. This is an unsustainable trend my friends.

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