Economics of the United States no longer in the department of resuscitation and is beginning to slow to recover. This was wrote in his column in The New York Times billionaire Warren Buffett.

Last fall, our financial system teetered on the brink of collapse and the beginning of a new depression. Combating the crisis demanded from our government the wisdom, courage and decisiveness. Fortunately, the Federal Reserve System and the key economic officials in the administrations of George Bush and Barack Obama responded on the challenges they face more than ably - Buffett says, noting that the situation was saved, primarily by means of a fountain of cash, issued in the national economy by both governments.

But now the country will need to address the issue with the side effects of massive doses of monetary medicine , which is still used. Now most of these effects invisible - warns readers of the founder of Berkshire Hathaway, - but the threat from them could lead to a same painful results, it is itself a financial crisis.

As a matter of public finance, we now are at a hitherto unexplored territory - said Buffett. - The budget deficit will reach this year's 13% - is twice the highest, excluding the war period, for the entire last century. Net debt growing as a yeast. In this fiscal year, it will grow by more than one percentage point per month, reaching to a level of 56% of GDP. Buffett warns that no one knows when the United States, if the trend continues, will lose confidence in its financial system, but sooner or later it will happen.

He believes that the main problem - to put the economy back on its feet, and to achieve this - all means are good. But when it starts to rise, Congress should limit the amount of debt to GDP. The growth of the Government's commitments should be consistent with the growth of its resources, - underlines the billionaire.

It is estimated

Buffett, in the case of the most optimistic scenario, when foreign investors and U.S. citizens invest in government debt $ 900 billion during the year, it will cover only half the country's budget deficit. Thus, he writes, the printing press in Washington will have to work overtime. Change the situation can only be a radical rethinking of the administration of its policy on taxes and government spending.

I want to emphasize the fact that there is nothing terrible in increasing debt along with the increase in income or assets - wrote a famous investor - and with a proportional increase in resources may increase the debt load. The United States remains the richest country on the planet and our ability to borrow in the future will undoubtedly grow as it has grown in the past, but a wise man said in his time: I want to know where I die, that will never be there.

The technical analysis of currency pairs
Opening of the American stock index today is expected to bottom
Euro-dollar continues to mark the area 1.41
The course has increased the dollar - the evening review of cash markets
Rivnoazot breaks another's happiness
Forex - in the European session
After passing the level of 1030 points is the aim point in the vicinity of 960-980 points on the MICEX index
The evening session opened in the black, futures on the RTS index by 18.07 Moscow time on. gaining 0.83% and traded at a mark of 97 695 points.
At the end of the trading the MICEX currency market the U.S. dollar at the ETC in the calculations tomorrow was 31.9489 rubles. the dollar