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Re: Nate Silver prediction on Nov 6, Electoral

By: faul in ALEA | Recommend this post (0)
Sat, 08 Sep 12 10:01 AM | 70 view(s)
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Msg. 09867 of 54959
(This msg. is a reply to 09856 by joe-taylor)

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Hi Joe......

So my statement & link to a MSM outlet such as CNBC is not a
credible source,but just your statement alone that media outlets
are stressing that the world is clamouring to buy your debt is??

Ok how about a statement by a former Treasury Official in
the WSJ 2012......Fed buys 61% of US Debt in 2011.......

http://online.wsj.com/article/SB10001424052702304450004577279754275393064.html?mod=googlenews_wsj

2011 foreign purchases of US debt dropped from
6% of GDP to less than 2% of GDP......

http://www.swissamerica.com/article.php?art=03-2012/201203290220ex.txt

Again it's probably not good enough for you.....oh well....
we all have a choice what we wish to believe.....economics,
governments & politics are just as much a belief system as religion......

You can call me CASSANDRA..........


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The above is a reply to the following message:
Re: Nate Silver prediction on Nov 6, Electoral
By: joe-taylor
in ALEA
Sat, 08 Sep 12 2:25 AM
Msg. 09856 of 54959

Faul,


I'm Sorry! A reference to a gold bug site and a five or six second blurb by a CNBC commentator made almost three years ago IS NOT a credible source. Again, I'm not really disputing you but I would like to see a government source of some sort verifying this fact that you are putting out. Generally, when you cannot sell your debt you have to increase your interest rate to a point where you can attract buyers. Just look at some of the European nations such as Greece and Spain. Our interest rate on our debt approaches an all time low right now and the media in several outlets stress that the world is clamoring to buy our debt, thus driving the interest rates lower because of the perceived safety of United States ability to cover its obligations in an uncertain world.

Again, I'm not saying that you are wrong but would just like to see a good source.

Regards,

Joe


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