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Iraq costing tht USA $1 billion per day.

Say 30 days per month.

The figure I've read is $4 billion a month, or nearly $50 billion annually.

 

In any event, gigantic deficits are the transmission belt for recycling the global dollar supply ... the overseas Feed.

 

The Bubble Machine has switched on the afterburners. Just lookit the fuc-u-tures spewing and fizzing this morning.

Have we forgotten the other war? What is Talibanland costing us per month? :ph34r:

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Speaking of the Monkey House, the CBNC crowd is waxing ecstatic over the retail sales number this morning. Still growing better than 4% y-o-y ... euphoria in Fantasyland.

 

The updated $450 billion federal deficit projection to be announced today is already discounted ... gnarly, dude ... now if magoo will just keep his foot out of his mouth, we can probe that 1015 resistance again today.

some quick math

 

Iraq costing tht USA $1 billion per day.

Say 30 days per month.

 

Add $30 billion per month to that $450 billlion.

 

That $450 billion # is just pure vaporware,.

 

Just like this vapor rally.

This is only for our military cost....

The math for maintaining Iraq and rebuilding Iraq will be a completely separate cost...that figure is currently unknown...and i believe we will never know the actually figure....

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More on fnm:

 

"The company expects that as interest rates stabilize or rise, and liquidating mortgages are replaced with current-coupon loans, mortgage durations will lengthen and the company will pay down much of its short-term debt," vice chairman Timothy Howard said.

 

Under such circumstances, Howard said, the company expects that its net interest margin will "decline significantly" and that profit growth will "move from above its historical trend to below that trend for a few quarters."

 

http://www.marketwatch.com/news/yhoo/story...C3C2A848AEB2%7D

Just another crack in the foundation, a banana peel on the slope of hope. Nothing to worry about. :o :D

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Bubble fallout . . . industry pays off debt rather then investing in new plants and equipment . . . falling behind and becoming less competative.

 

U.S. firms paying off debt rather than spend: Fitch by Rachel Koning at MarketProp

 

CHICAGO (CBS.MW) -- The average U.S. company was able to pay off its debt in 4.2 years at the end of the first quarter, down from a recent high of 5.1 a year earlier, Fitch Ratings said in a report Tuesday. But lackluster revenue gains contributed little to the belt-tightening. Rather, companies sacrificed capital investment to pay off debt. Companies cut capital spending by 14 percent in the period. "We are not likely to see a general improvement in credit quality, including upgrades, until leverage is reduced through revenue and profit growth, not shrinking business investments," said Robert Grossman, Chief Credit Officer, Fitch Ratings.

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