Monday, July 6, 2009

America's Fiscal Train Wreck... Morgan Stanley's Richard Berner sees massive long-term federal deficits & debt, unsustainable borrowing & rising interest rates... "Not only will those factors steadily lower our standard of living, but they will imperil economic & financial stability"... http://www.morganstanley.com/views/gef/index.html#anchor098c0c3c-6a29-11de-9228-3fb01e8a07e2

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