Our financial system is insolvent

Believe you're all dead-on, and it's as scary as scary can be.


But look on the bright side . . . worst level the DJIA might likely decend to, in another
2-3 years, is 1500 or so . . . nothing to worry about . . .

 

Tebow on a crutch. We're turning into flippin' Argentina.

 

I think the best course of action is to do nothing.

 

Well, the best thing to do is pump money into the system like crazy with the intent to take your foot off the proverbial gas at the exact right moment so that you don't enter hyperinflation.

It's a very tricky game.

 

Does poindexter work for Forbes or does he just see the future? Because here is the headline on their most popular story of the day:

The U.S. Financial System is Effectively Insolvent

http://www.forbes.com/2009/03/04/global-recession-insolvent-opinions-columnists-roubini-economy.html

By Nouriel Roubini. Dr. Doom to you and me. A guy who has been dead-on since 2006.

 

LOL - I get treated like shit here, when I give 'em economic headlines six months in advance of Forbes.

 

Hondo, can you give us an update on these numbers?