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Treasury Market Reveals That The Stimulus Could Be Massive Challenge
As I watch the $900 billion stimulus bill wind its way through Congress, knowing this will be piled atop the estimated 2009 deficit of $1.19 trillion, the longtime banker in me keeps asking the same worrisome question: How the devil are they going to finance all this rubbish?
A report released Wednesday by the U.S. Treasury Department’s Borrowing Advisory Committee on the government’s borrowing plans gave me the answer I expected: With great difficulty.
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Truth be told, recent market developments have already…
6Feb2009 | Money Morning | 0 comments | Continued
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