Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: Proud Deplorable who wrote (46829)	8/10/2007 11:46:12 AM
From: koan	Read Replies (1) of 78426

Great post by Jim, Ralph. Thanks. Art Cashen is good. Now they are talking aobut a rate cut by next week. Right or wrong this is what Crammer said needed to be done before anyone else. I only say this to point out he knew the depth of the problem, not that I agree with him. The depth of the problem was always what I was trying to figure out. When "they" lowered the prime to 1% and flooded liquidity many of us knew this was going to lead to an impossible situation. People borrowed money like crazy with secodn deeds of trust which kept the market goign despite bush's huge tax cuts and war spending. Now we will need a hard landing to right things. Probably a collapse of the dollar and huge inflation at some point.

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