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Monday, April 27, 2009

The capital well is running dry and some economies will wither

Interest rates could be heading up. Government debts and bail outs require funding.

From the UK Telegrahp April 26, 2009 -The world is running out of capital. We cannot take it for granted that the global bond markets will prove deep enough to fund the $6 trillion or so needed for the Obama fiscal package, US-European bank bail-outs, and ballooning deficits almost everywhere.

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