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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Crimson Ghost who wrote (86692)9/26/2008 1:12:40 AM
From: John Metcalf  Read Replies (1) of 116555
 
"Bernanke keeps bleating about "we need to free up credit," but he ignores the inconvenient fact that nobody needs to borrow more; they're already maxed out."

Credit would be freed up to roll over debt of zombie companies, so they can roll it over yet again. This happened in Japan, beginning about 1990. It won't end until the Rising Sun comes up.
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