Jan. 6 (Bloomberg) -- President-elect Barack Obama said he expects to inherit a $1 trillion budget deficit and that similar shortfalls are in store “for years to come” as the government grapples with a recession and other spending demands.
Not news exactly but at least he's not saying future deficits will be "contained."
Noticed that Schiff is calling for an imminent dollar debacle. Maybe shorting the long bond ain't such an iffy bet after all.
Not news exactly but at least he's not saying future deficits will be "contained."
Noticed that Schiff is calling for an imminent dollar debacle. Maybe shorting the long bond ain't such an iffy bet after all.
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