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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Broken_Clock who wrote (104899)9/8/2009 5:01:58 PM
From: Elroy Jetson1 Recommendation  Read Replies (2) of 110194
 
We're experiencing the unwind of the horrific increase in the debt to income ratio since 1980.

You don't have to like to like it, but it's what you're going to get. Better still it's exactly what America needs to put the economy back on track for long-term growth.

A certain amount of government spending to maintain civil order and keep the banking system functioning is a good thing.

So far the government is spending about half the amount Monetarists suggest they spend to statistically hide the depression, which would achieve nothing of lasting import.

Things are good if you had the common sense to plan for this inevitable deleveraging. I understand many did not, but everyone gets to make their own choices.
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