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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Crimson Ghost who wrote (86692)	9/25/2008 6:37:41 PM
From: polarisnh	Respond to of 116555

Crimson Ghost, Amen! Cheers, Steve

To: Crimson Ghost who wrote (86692)	9/26/2008 1:12:40 AM
From: John Metcalf	Read Replies (1) \| Respond to of 116555

"Bernanke keeps bleating about "we need to free up credit," but he ignores the inconvenient fact that nobody needs to borrow more; they're already maxed out." Credit would be freed up to roll over debt of zombie companies, so they can roll it over yet again. This happened in Japan, beginning about 1990. It won't end until the Rising Sun comes up.

To: Crimson Ghost who wrote (86692)	9/26/2008 8:04:43 AM
From: Dan3	1 Recommendation Read Replies (3) \| Respond to of 116555

Re: Bernanke keeps bleating about "we need to free up credit," but he ignores the inconvenient fact that nobody needs to borrow more; they're already maxed out. Yes, yes, yes. We need a FICA tax holiday to let some of the borrowers pay some of their debts back - that will stabilize things. Paying good money for worthless paper solves nothing - what's needed is to put working Americans back into a position where they can afford their living expenses and pay their debts. We've had years of hedge fund traders getting special tax deals, what's needed now is to cut the working poor and middle class some slack so they can get back on their financial feet.