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so I think weamp;#39;re in a slow motion fiscal crisis um I donamp;#39;t think you know a year from now itamp;#39;s going to be particularly different maybe even two years from now um but I do think over the next five plus years um this is a long drawn out um fiscal issue if central banks have to end up accommodating um those deficits and thatamp;#39;s kind of how this always works at the end of the day um you could get stuck with above Target inflation and then everybody complaining about it which makes it more of a political crisis and you could get like the emerging marke ification of some of these key developing Market currencies which is that it doesnamp;#39;t mean that everything blows up in a year or a few years but it means youamp;#39;re stuck in this kind of hot environment of debasement happening at a rate that that most would consider unacceptable the US economy stands at a precipice signaled by the national debt staggering new high of $35 trillion a level docHubed in J
