The Next Contagion

Martin Weiss

Iduća zaraza

www.moneyandmarkets.com/the-next-contagion-2-37578

The next contagion is beginning to spread around the globe.
It is unexpected on Wall Street, misunderstood in Washington — and very dangerous.
It could sabotage the plans of the U.S. Treasury, the Federal Reserve, and many of their counterparts overseas.

It is …
The Collapse of Sovereign
Government Bonds

Sledeca zaraza pocinje da se siri oko globusa.
To je neocekivano za Vol Strit, ne razume se u Vasingtonu – i vrlo je opasno.
To bi moglo sabotirati planove U.S. trezora, Federalnih rezervi i mnogih njihovih parnjaka sirom sveta.

To je:
Kolaps
drzavnih obveznica


Indeed …

The U.S. government suffers from the same, or worse, underlying disease as Greece, Portugal, or any other victim of the contagion — massive, out-of-control federal deficits. America’s red ink was $1.4 trillion last year and ANOTHER $1.4 trillion this year.

Washington has buried its head in the same mound of sand as Athens and Lisbon — grossly underestimating (a) the size of the deficit, (b) its potential impact on investor confidence, and (c) the speed by which its bond prices can fall.

Like his counterparts in Athens and Lisbon, President Obama ignored advisors who warned of a deficit disaster and has only just begun to seriously consider deficit-reduction measures. And yet he continues to avoid steps that can make a significant difference.

Stoga:

U.S. vlada ispasta od istog, ili losijeg, oboljenja kao Grcka, Portugalija ili neka druga zrtva zaraze – masivni, van kontrole federalni deficit. Americka crvena linija mastila bila je $1,4 triliona prosle godine i drugih 1,4 triliona ove godine.

Vasington je zabio svoju glavu u istu naslagu peska kao Atina i Lisabon krupno potcenjujuci (a) velicinu deficita, (b) potencijalni uticaj na poverenje investitora, i (c) brzinu kojom cena njegovih obvenica moze pasti.

Nalik njegovim kolegama u Atini i Lisabonu, Predsednik Obama je ignorisao savete koji su upozoravali katastrofu deficita i samo je poceo da ozbiljno razmatra mere smanjenja deficita. I jos nastavlja da izbegava akcije koje bi mogle znacajno popraviti razliku.

The Consequence of
This Complacency
Is Catastrophe

Posledica
ove komotnosti
je katastrofa