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Pastimes : Home on the range where the buffalo roam

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To: Boplicity who wrote (11934)3/26/2001 9:53:40 PM
From: mishedlo  Read Replies (1) of 13572
 
Tell me how to fix it. It's easy to talk about what's wrong.

Greg there is only one way to fix it (get everyone to buy, re-inflate the dot.coms, and give money away like Japan).

Unfortunately that will work for about 6 months. Then what?
We keep trying to spend our way out of this mess when there is no savings in this country, only debt. Now that people are getting spooked out of the market, the problem can only get worse.

In short, there is no solution. We can put it off and make it worse, or we can take our lumps now. Almost everyone is clammoring for huge rate cuts that will just make the problem down the road bigger.

M
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