There are no old bold pilots.....everybody knows that from the old adage!!! LOL LOL (from an old timey helo pilot)
Good info Bud. Thanks for your work on this. The economy is very fragile and has been for a long time and it doesn't take much to break the eggshell. One good natural disaster on home shores would finish it off also. Or maybe just gas going to $6 a gallon.
Quoting: Vietvet 1274202LOL...yes, I shouldn't be alive :)
And our economy is so fragile, so many states are already in recession...higher interest rates and higher gas prices are all it could take to push us over that tipping point
For years, apparently, a nightmare at the Fed has been the possibility of a Japanese mega-quake, and the implications on the Treasury auctions
Now, with QEII (and QEIII looming) losing one of our most important buyers would be devastating
As if the quake weren't bad enough, add to it the total Black Swan of yet untold nuclear cleanup costs...and we aren't even factoring in "what-if" Tokyo becomes seriously impacted by this (Tokyo, home of some of the world's most expensive real estate)...and this could be a collapse that will take down more than a few economies with it
