His reply would be " It's about housing, it MUST be fixed" "
That's seems to be his Wizard's "Alakazaam!"
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"Max you cant possibly believe that...."
gg i am ONLY analyzing what i see as an incredible disaster ---i repeat an incredible disaster.
i have stated several times, as a minority of ONE, perhaps:), that there is NO solution.
People have this belief no matter how BAD the screw up, it is fixable, they will never say this is now a classic FUBAR!.
"F---ed Up Beyond Repair"
i , gg, will point blank say this situation is FUBAR.
If housing continues down, we are sunk that i believe or if housing is somehow inflated again, we are also sunk.
Completely contrary to Paulson i believe we are in the cemented status of FUBAR.
Paulson says sink or swim.
But i say we sink or sink,we ain't going to swim for a VERY VERY long time.
Do i believe that??????????????? Yes, i do gg.
Minority of one, maybe, but i believe the TRUTH is all are running about now saying we can solve this way we can solve that way or whatever way, but we can fix, but they are failing to realize not only a horse has escaped the barn,as reality is many horses have fled the barn.
In my mind's eye i am seeing a blinking red lighted sign reading "It's Too Late"
i can go back to a thousand posts over the years i have written about the danger of what a "Too Late" sign means but we are heading that way "unles unless".
Well i have used up all my unlesses , i got no more unlesses.
i am going to dig up a post by Richard Russell writing that Greenspan had led us into a trap where one is damned slowly or immediately.
What i see now is Mickey Mouse in Fantasia and buckets of water , endless buckets of water. So it goes.Max
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