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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: Skeeter Bug who wrote (42760)3/20/2009 8:22:39 AM
From: Boca_PETE  Read Replies (1) of 42834
 
Skeeter, I think down the line your insight is dead on correct. However in the near term, the offset to inflation from the coming FED debt monetization is the vast destruction of wealth the system has taken and the increasing slack in the un-utilized capacity of the remaining economy resulting from growing unemployment.

In Peter Rabbit simple language anyone with half a brain can understand, I thought this Pat Buchanan article nails the current situation and what led up to it perfectly! Do you agree?

3/19/09: SYSTEMATIC FAILURE - This generation: Unfit to govern - How deepening crisis tests not only capitalism, but 'the character of a people'

worldnetdaily.com

I think Brinker places too much blame on the repeal of Glass-Steagal in a phony attempt to make himself appear to be an independant while deep down we all know who he voted for in 1972. From my viewpoint, that repeal was only a small part of a broad swath of causations that started in the 1970's with the enactment of the Cummunity Reinvestment Act.

YES - refi while you can! AND HOLD ONTO THAT HOUSE as it's collateral value rises with the coming inflation.

P
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