Showing posts with label disastrous. Show all posts
Showing posts with label disastrous. Show all posts

Sunday, April 24, 2011

US Default Could Be Disastrous Choice for Economy

This is the most honest story by CNBC I've read in years.  The takeaway message: there is no way to end QE 2.0 in June without seriously disrupting the US Treasury bond market, which would have a cataclysmic effect on global financial markets.  However, if the Fed were to extend QE beyond June, it could intensify inflationary pressures.  See previous blog <click here>.

http://www.cnbc.com/id/42732831