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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (22749)	9/18/2007 10:05:35 PM
From: Maurice Winn	Read Replies (2) \| Respond to of 220167

Ah, the old "inevitability" DNA of TJ; unless it suits not to be. It isn't possible to have booze on sale and stop alcoholics going over the top. Credit is much the same. Unless Uncle Al had been Big Brother in a Kremlinized system, he couldn't stop people borrowing under the conditions lenders were willing to lend. He could tinker on the fringes. All he could do is pour more or less fuel into the rocket engines of financial relativity theory, heading for warp speed and an inflationary financial cosmos. Sure, he could tinker with margin rules and the like, or house lending rules in some way or other. But the setting of the price of a house is done by the buyer and seller in the midst of the MADness of crowds. Blaming the maker of the money for the uses to which it's put is silly. Mqurice