Tax Revenue Plunges 34%, China Warns Fed

Lets see,

Possible nuclear war in Korea.
Possible nuclear war in the MiddleEast.

U.S. Tax revenues suffer largest drop ever.

http://www.usatoday.com/money/perfi/taxes/2009-05-26-irs-tax-revenue-down_N.htm

China warns the Fed not to print money.

http://www.telegraph.co.uk/finance/...arns-Federal-Reserve-over-printing-money.html

We're doomed!

 

The Chinese ordered the money printing.

They knew the only way to save Fannie and Freddie was by printing money.

Didnt care.

Just backstop it Uncle Sam.

Hypocrites.

 

Damn!!

1/2 point increase in the 30 year fixed wholesale rate up to 5.28%