The Looming Black Cloud of Government Debt

24/06/2009 § Leave a comment

 

The market’s move yesterday is another reminder that for all of the “green shoots” one might see in the economy, there’s the tricky issue of the looming black cloud of government debt that is about to replace the soon-to-be-behind-us black cloud of financial mayhem in the banking system.

The preponderance of SA articles I have read have this kind of device in them. Making a statement that is true with a bald faced lie interspersed. No way is the financial mayhem behind us. The Banksters are genetically incapable of recognizing the truth much less stating it.

The Looming Black Cloud of Government Debt — Seeking Alpha

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