Hello elmat, I think:
(a) the US economy is riding on the tiger's back, and the tiger is housing
(b) the rider cannot get off of the tiger's back, without becoming lunch
(c) the officialdom knows (a) and (b), and still can and so will do much to delay the inevitable, but by changing tactic
(d) the new tactic is infrastructure spending, ala Japan, but
(e) if so, then Japan will have to pay for it, making itself poorer still, since the US has no savings to fund, and I doubt China will fund, same for India
(f) perhaps Japan will go for it, since it does not need as much money as saved given that its population is shrivelling
(g) of course, while the inevitable can be delayed, it cannot be cancelled, and if delayed, only made worse
(h) the officialdom must do as they can, else the electorates chuck them out, because the electorates, in the aggregate, are necessarily gathered around the lowest common denominator
(h) thus we will have much to watch, brief, discuss, and learn on this thread
Chugs, J
P.S. worldmarket.blogspot.com may be the answer |
