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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: marginmike who wrote (216689)1/27/2003 11:00:17 AM
From: Perspective   of 436258
 
<I dont think the real recession has even begun>

Yep, as long as there is one last trick left to keep demand artificially high (lower interest rates, mortgage refis, cash out refis, zero percent auto financing) the depression will be postponed. When those tricks run out, or when the world wakes up and smells the coffee that they will NOT be repaid with the same dollars they are loaning to us, it is game over.

quotes.ino.com

Hmmmm - is that a Kona blend I smell brewing, or just warmed over Folgers? <g>

It is very easy to lose sight of that fact with all the talk of a rebounding economy. Our "prosperity" is built on the willingness of foreign interests to give away their products for fundamentally worthless scrips of paper called "dollars". Call it "Vendor Finanacing: The Sequel". I think I've seen this one before...

BC
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