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To: nextrade! who wrote (140650)	8/12/2008 10:01:36 AM
From: Paul Kern	Respond to of 306849

America needs a 'Good Depression' Is the such a thing as "good depression?" Do we want 25% unemployment?

To: nextrade! who wrote (140650)	8/12/2008 10:10:47 AM
From: Smiling Bob	Read Replies (2) \| Respond to of 306849

America doesn't need it, WS does. WS and govt are taking all necessary steps to insure that their bounty is well-secured by the time we get around to a good depression. Depression will only present more opportunity for garnering more assets from the less well-connected. Look at the market. Again, it's brushing off news and barely down, despite an 8% run in three weeks. Everything's just groovy Sit back and enjoy the music

To: nextrade! who wrote (140650)	8/12/2008 10:24:00 AM
From: DebtBomb	Respond to of 306849

WHOA....

To: nextrade! who wrote (140650)	8/12/2008 10:30:17 AM
From: Smiling Bob	Respond to of 306849

There's no outrage because there's still constant BS being fed to the masses that there's a light just ahead. Being that recession has been "successfully" mitigated in the recent past, the lemmings are falling for it. They're all still convinced the housing dip is just a fleeting event and next week they'll be getting their HELOC approved in time to get back to the malls for Labor Day sales. ---- 4. Yes, a Good Depression will stir outrage, force real reforms In a recent Wall Street Journal article, Jim Grant, Forbes columnist and respected editor of the Interest Rate Observer, framed his title as a question: "Why No Outrage?" Why? He notes: "Through history, outrageous financial behavior has been met with outrage. But today Wall Street's damaging recklessness has been met with near-silence, from a too tolerant populace." Tolerant? No, n-u-m-b! "Human progress seems to be the likeliest culprit." Fear-driven, we prefer the devil we know to a new one. Yet while "Wall Street may be sweating to fill out this year's bonus pool," Grant worries that Wall Street will run "itself and the rest of the American financial system right over a cliff." A Good Depression brings outrage.