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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Crimson Ghost who wrote (47606)	12/17/2005 6:55:05 PM
From: UncleBigs	Read Replies (2) \| Respond to of 110194

Do you really think he Fed would risk this to stave off anything less than a 1930s style depression? I think we're headed for a 30's style depression if the Fed were to allow the economy to correct to its natural equilabrium. If you were to take a snapshot picture of the US economy in 1929 compared to right now, we are in much worse shape right now. The imbalances, malinvestments and reliance upon foreigners for capital and essential goods is much worse now than ever before in our history. One way or another, we will become a nation of savers and producers again. A gambling, speculative nation of borrowers and spenders is headed for disaster. Either a deflationary debt collapse or an inflationary collapse of the dollar. Either way ends up at the same destination and there will unfortunately be a tremendous amount of pain inflicted on the American people.