Debt to gdp as per Fed site (total economy wide debt – govt $5T plus household plus other) is 360% of GDP). TSee Fed flow of fuinds data. Gov’t debt as reported in the 60% range excludes intra govt debt (not a real read).

Interesting that Drudge is running a report that the US is subject to cycber attacks which we know already, but it is particularly interesting considering someone here speculating on a balck flag op to hack, servers (cyberbakcout) and currncy aswap slash revalue. Extreme, perhaps, but the field of alternatives are narrowing.

Best tell. What chart oare you examing. EPS fall an average of 30-40% in normal recession periods. PE in the GD ! were in mid sinlges. likewiase in the 70s with nifty fifty was the rage. So mid teens PE are hardly cheap and estimates are still way too high which amkes the index even more expensive. So as to tells, I’d say look at the bond market. 2 year 239, and going lower. FDed feunds heading to 1%.

bear rading is a jingoistic agitprop. bears have the facts on their side. Now if you want to make an argument that lkeeping equity inflated as a matter of national security a different conversation. i hardly think you want to stake an argument on fundamnetals. It is a loser. This is what is occuring. The Fed has decided that consumer wealth is tied to hosuing and equity for large part. Therefore, houses cant be helped but equity must be kept afloat. Cutting rates is a herding technique to get people to break risk aversion, but it isn;t going to work. Driving gold down is also a necessity for a number of reasons, well detailed (psychology foremost and USD hegemony protection).

The USA needs a new strategy on the dollar. A salvage op if you may.

As for Bhutto, not trafficing in inuiendo, just asking what are the possible reasons for the pre emptive strike. Why would Musharriff close eyes to ISI hand in takeout. Reasons are many, but he lost it all. So now the US is left in the cold. Also US has been hitting a few major Taliban/AQ targets lately 9Egyptions). Tryingt o make sense of why such a big move to push the Bhutto aside. With Mushariff gone,. the tribal areas are ebven more likley to be hit by US as they don;t have to velvet glove it in deference to Musharrif. So the tribal guys seem to be better off with a delicate ISI, US military accomidation as opposed to the US being cut loose (in some repsects) and given a fre hand. it is afterall the most dangerous place on earth notwithstanding the headlines over Georgia. Interesting that some pieces reporting the Russia rehearsed this op months ago and had been planned for August regardless. In such a situation US must have known. Seems a lot of interesting things are happening…