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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (15973)	1/2/2009 5:18:26 PM
From: Elroy Jetson	Read Replies (1) \| Respond to of 71479

Confidence is important, but Obama is still two years early in the credit collapse cycle, relative to the election of FDR. So attempt at recovery will be swimming against a string undertow current as the deleveraging must finish it's work. As Obama wisely chose to say, his proposal will create "or save" so many million jobs. In the storm, forward progress will be measured in being blown back off-course less than you would have been otherwise. The ultimate solution is the deleveraging, bankruptcies and foreclosures, and finally an increase in savings. This can't be avoided. .

To: carranza2 who wrote (15973)	1/2/2009 5:29:15 PM
From: axial	Read Replies (3) \| Respond to of 71479

A month ago, I was considering the possibility that Helicopter Ben might actually do it. Reading the posts lately, it looks like the idea is beginning to percolate: that instead of being the object of derision, he may deserve credit for saving the system from collapse. Not that execution was perfect, but it was clear, emphatic and direct. There was no doubt about what he was prepared to do. The Austrian school says it won't make any difference - just postponing the inevitable. We'll see... Jim