Prepare To Profit from the U.S. $1 Trillion Budget Deficit

Martin Hutchinson submits: The federal budget deficit hasn’t received a lot of press lately, what with all the worries about the U.S. financial system, the home mortgage market, and the rescues that might be necessary to save both.  In fact, it’s a bad sign, since the Bush administration and the Democrats in Congress have joint responsibility for keeping the budget deficit under control, so they would both be crowing about it if they were doing a good job. We already know the budget deficit is going to return to the $400 billion level - actually $410 billion - in Fiscal 2008, which ends in September. But what is only just now becoming clear is that the $410 billion figure is likely to mark a trough, not a peak, and that a budget deficit of $1 trillion is likely as early as Fiscal 2009 or Fiscal 2010.Complete Story »