Although there’s a veritable laundry list of obstacles that could blunt the U.S. government’s ongoing economic turnaround efforts, its single-biggest challenge may come from its single-biggest creditor – China.

The “flight to quality” continued yesterday (Wednesday) as investors pushed up the price of Treasuries on fears the U.S. Federal Reserve’s drastic rate cut means the economy’s woes are far from over.

For 25 years, the Fed has kept inflation at an average of 3.2 per cent a year – that should be applauded’! Hahaha! You will go a Long, Long Time (LLT) long time before you hear something so ridiculous! Hahahaha! Applauded! Hahahaha!