Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: GROUND ZERO™ who wrote (77614)	11/20/2007 5:26:48 AM
From: Real Man	Read Replies (1) of 94695

Not engage in long-term bail out policies, which created huge moral hazard. Namely, 1) they should not have bailed out lots of crises in the 90-s 2) they should not have lowered rates to 1% and created the housing bubble in 2002 to bail out collapsing stock market bubble. 3) The Bush administration should not have lowered taxes, while increasing spending at the same time. The endgame of all this appears to be a sharply lower value of USD eventually, even though it may take the dollar a few more years to get there. The US standard of living has declined immensely already due to what happened to the dollar between 2002 and 2007. It appears stocks will be "saved" from NOMINAL decline (in dollars).

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