The Times Are A-Changing

State Budgets: Day of Reckoning;

Build America Bond’s Program’s End Poised To Batter Municipal-Debt Market;

Why China Hasn’t Dumped American Bonds;

Behind Build America Bonds’ Popularity, Some Lurking Concerns;

Trojan Horse In Tax Compromise;

BABs: The Last Pillar Standing.

So will BABs be extended or not? I think it won’t make any difference. Change is underway. Suppose BABS really are The Last Pillar standing. Then what, if the program isn’t extended? Will the house of cards come falling down? No-one could put back Humpty-Dumpty together again?

It’s like water. Tsunami, rain or flood, irrelevant. For the past two years everything has been tried to end the leaks.  Result: QE I & II (self-defeating), austerity (self-defeating) and socializing bank losses (self-defeating). Everything has been tried, I said! Everything, but change.

Advertenties
Dit bericht werd geplaatst in economie, politiek. Bookmark de permalink .

Geef een reactie

Vul je gegevens in of klik op een icoon om in te loggen.

WordPress.com logo

Je reageert onder je WordPress.com account. Log uit / Bijwerken )

Twitter-afbeelding

Je reageert onder je Twitter account. Log uit / Bijwerken )

Facebook foto

Je reageert onder je Facebook account. Log uit / Bijwerken )

Google+ photo

Je reageert onder je Google+ account. Log uit / Bijwerken )

Verbinden met %s