Tuesday, September 8, 2009

God...it just keeps getting worse. Various $ bits

Peter Schiff will probably be mentioning these stories soon enough...

Senate must raise debt ceiling above $12T


Housing armageddon will be worse as it's pushed farther down the road:

Home-Buyer Tax Credit Added 400,000 Sales, Zandi Says [see Comments tab]
First Time Home Buyer NAR Numbers
Fitch on Option ARM Recasts

And is any wonder why we see external news events like this:

UN wants new global currency to replace dollar
China alarmed by US money printing [Also mentions about China buying gold]
Swiss topple U.S. as most competitive economy: WEF


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