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Strategies & Market Trends : Strictly: Drilling II

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To: nspolar who wrote (15721)7/14/2002 9:59:01 PM
From: orkrious  Read Replies (1) of 36161
 
Plus the pimco link, for McCulley's article.

that was a great article, but what is really tells me is that we are in very, very deep sh*t.

there is no way the fed is going to successfully "order" banks to lend money to people/businesses who really don't have the creditworthiness to repay it. Assuming that the economy will just "inflate" enough to lift all the boats so that the liabilities can get "extinguished" is crazy.

we are really in deep sh*t
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