Op-Ed, from Duncan Coker

July 18, 2011 |

It is hard to resist commenting on the debt issues as I get a chance to play macro global economist. But in a three liner it seems to me both sides rejected a decent bi-partisan plan in Simson-Bowles. So talks are a dead end now. The fed policy is to inflate away the debt and pay back creditors with devalued dollars which makes sense. Too bad for tax payers that most of the debt is owned by us, not the asias. If I were a macro player I want to own stuff, stocks, gold, land, and no paper debt or any currency. Of course they will raise the debt limit, but it could go over the self imposed deadline just to make it interesting. Default no, downgrade, not this year.


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