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

To: bart13 who wrote (94587)	5/26/2008 2:30:46 PM
From: Sunny Jim	Read Replies (1) \| Respond to of 110194

<<I actually feel a bit sorry for Ben - he's screwed almost no matter what he does, and will likely catch much blame that actually belongs to Greenspan>> I think you're right in the narrow sense, but in the broader sense there is a golden opportunity for a dynamic leader to start turning this super tanker around. A real leader would begin working on the politicians to steer this country back to a saver society and get off the addiction of debt. Simply implementing some tax laws to favor saving and not debt is a start. Only then can we begin to turn the "we believe in a strong dollar policy" into something that is meaningful. It would take someone of Paul Volker stature to begin the crusade, but unfortunately there aren't any of them that are young enough to tackle the job. Unfortunately Bernanke is no Volker.