Randy (20 June 2012)
"2 HUGE Fundamental Economic Mistakes, and US Budget Deficits since 2001 - OUCH!"



ONE:
 
The Banks in the United States in the early/mid 2000's:
 
 "As long as Real Estate Prices keep going UP......we don't have a problem"
(How'd that work out for you guys??  What a DISASTER!)
 
TWO:
 
The Governements around the world over the last 5 -10 -15 years????
"We'll pay down the national debts......in the NEXT UP CYCLE.....so let's not worry about how much we're oer spending now...."
 
Hmmmmmm...........  it just ain't gonna happen....not at THESE levels....and not with a HUGE 2nd Recession LOOMING all around the worlds...
 
TICK TOCK....
YFIC,
Randy