Bailout Nation: 200 Years Of Govt Spending

The amount of US taxpayer money committed to bailouts over the last 12 months by far exceeds the combined cost of major historical events dating back over 200 years.

The combined amount spent, lent, consumed, borrowed, printed, guaranteed, assumed or otherwise committed to bailouts by the government from March 2008 to March 2009 amounts to some $15 TRILLION.

To emphasize how much money that is, the producers of the book Bailout Nation, put together the following graphic, which illustrates how almost every large one time expenditure of the US over the last 206 years is a drop in the ocean compared with the current level of spending.Full Story

Fed: A Game Changer

(Click the imagine for sharper view)

The current market before the fed meeting tells us that :
1. Pause the Interest Rates.
2.Expand fed balance sheet with micro dollar
3.Talks about more green, purple shoots or may talk about the recovery will stall for the rest of year.Lets see how he plays this afternoon but markets looks more speculative on fed's move.

Markets here are showing some positive sign which means fed does not like to pull the plug on equities which is good sign for the broader markets.Anyway here are the possible moves to upside to downside on following indicies:

1.Dow Jones Industrial Average: 8600-8300
2.S&P 500 : 925-890 (closing below 875 will be carnage to markets something fed surprised us)
3. Nasdaq : 1750- 1820

Bigger Crash Is Coming

An international economic forecaster says another big crash lies ahead for global share and property markets within the next two years.

Harry Dent predicted the Japanese recession in the 1990s and also forecast the current global financial crisis.

He has told ABC News Breakfast that the Australian share market will continue to make gains during the next few months, before bottoming in about 2011.

"I'd say maybe the Australian All Ordinaries will get back up near 4,500, the Dow maybe close to 10,000," he said.

"And then you'll see another crash late this year and into next year, as banking systems melt down again. I think the next one's going to start in Europe and Eastern Europe, housing prices would lag.

"I think stocks are going to end up down 60 or 70 per cent before it's all over, and I think housing prices in Australia will probably be down 40, maybe 50, per cent, maybe more than that in the United States and Europe." Full Story