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To: Chispas who wrote (67423)8/10/2007 2:00:06 PM
From: RealMuLan  Respond to of 116555
 
Most of the US economy is based on paper shuffling, including Minyanville, to some degree<g>. So to inject more cheap money is the only way to keep it going. "Intervention"? The only way to intervene is to abolish the Fed. But is it possible without some kind of revolution? I doubt it.



To: Chispas who wrote (67423)8/10/2007 2:18:21 PM
From: NOW  Respond to of 116555
 
" Some people may have increased their wealth... but the immense majority must foot the bill for the malinvestments and the overconsumption of the boom episode."
So what part of that did ol' Ludwig not get?



To: Chispas who wrote (67423)8/10/2007 3:05:13 PM
From: patron_anejo_por_favor  Respond to of 116555
 
That article reminds me of a song, courtesy of Neil Young:

Fourteen junkies
too weak to work
One sells DIAmond's
for what they're worth
Down on pain street,
disappointment lurks
Son, don't be home too late.
Try to get back by eight
Son, don't wait
till the break of day
'Cause you know
how time fades away.
Time fades away
You know how time fades away.


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