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

To: zamboz who wrote (101741)	2/28/2009 1:59:35 PM
From: Broken_Clock	3 Recommendations Read Replies (1) \| Respond to of 110194

Now, you are making a legitimate point, Chuck, about the fact that our savings rate has declined and this economy has been driven by consumer spending for a very long time. And that's not going to be sustainable. You know, if -- if all we're doing is spending and we're not making things, then over time other countries are going to get tired of lending us money and eventually the party's going to be over. Well, in fact, the party now is over. And so the -- the sequence of how we're approaching this is as follows. Our immediate job is to stop the downward spiral, and that means putting money into consumers' pockets. It means loosening up credit. ==== The party is over but we're gonna put money in consumers' pockets anyway? I am having a hard time following his logic.