Eric Von Berg - Newmark Realty Capital - 595 Market Street, Suite 2550, San Francisco, CA 94105 - for loan quote: 415 956 9922

June 10, 2010

Easy Money, Hard Truths - NY Times

Great opinion piece in the New York Times from David Einhorn, who begins with the question... are you worried that we are passing our debt on to future generations? And follows with the "reassurance" the recession has created budgetary stress sufficient to bring about the crisis much sooner then that...

"If we don’t change direction, how long can we travel down this path without having a crisis? The answer lies in two critical issues. First, how long will the capital markets continue to finance government borrowings... and second, to what extent can obligations that are not financed through traditional fiscal means be satisfied... by the printing of money?"

Good reading.