valustks

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  • Freddie/Fannie Plans In Motion; Why Are They Being Underplayed?
    As painful as it is the system at this point should be let to clear it self. I strongly suspect the down side of the fix will be substantially worse by a significant factor than the pain of enduring the downturn. We have seen the ratcheting up of pain through each sucessive "bailout" over the last 20 years. In the fullness of tiime we will rue the day we continued on this path. The only question is the nature of the pain will it be inflationary or deflationary. I suspect we will eventually suffer an inflationary depression.

    Unfortunately the outcome of such an event will be societal changing, likely not in a postive way. In life dealing with small pain prevents substantially larger pain down the road.

    We Americans have yet to learn the lesson. The real lesson of the Great depression was not that Hoover and FDR did nothing. The real lesson was that bad policy took a bad situation and created a catastrophe. Lets not go down that road again. Saddly we won't heed the lessons of history.
    Sep 06 09:49 am |Rating: 0 0 |Link to Comment |View article

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