<<You imply that the market clearing level for the US will be extraordinarily and shockingly low. Perhaps. I doubt it.>>
My targets for the indices are on record with SI, and they are not shockingly low, no more shocking than the current NASDAQ would have shocked 12 months ago. My targets are realistically achievable, by reason, logic, financial laws, and by help of Green$pan.
<<The Economist has skewered the Japanese government for their total mismanagement of post bubble economics.>>
Bubbles are not manageable unless done early. Do you think the US still has a bubble in Nasdaq, and has a bubble in debt?
<<They may do the same here, but it seems unlikely. So far, the best steps that can be taken have been, and there is room for considerably more.>>
I hope you do not bet much on this premise. So far the best steps have done less than nothing, literally.
Chugs, Jay |
