monday trading, page-162

That's one view dacata that I also hope plays out to give us more time. However, there's still the other one where asset values will continue to be depressed no matter what the governments do. After all the US can't risk their last line of defence, namely their US treasuries. Money is pouring their forcing the US$ to go up, and to fund their bailouts. If they cause an inflationary blow-out (I wish) then their T-bills and bonds will be dumped causing a crash in their dollar (and rise in gold). So, do they risk inflating and die a little later, or do they die now in a deflationary spiral? At the moment it looks like a deflationary spiral, which is understandable given the rapid bursting of the huge debt balloon they created. Only time will tell if they succeed to re-inflate their way out (and die later) or they die now as the vacuum due to the debt implosion and subsequent depression overtakes them. In the latter case, cash is king.