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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Tenchusatsu who wrote (460045)3/1/2009 12:22:11 PM
From: Road Walker  Read Replies (2) | Respond to of 1576949
 
Did you see this chart I posted?
Message 25454405

It's a huge part of the problem. I don't think we can have a significant recovery until the debt is decreased, probably cut in half. And the only way to do that is for people to save, not spend, which guarantees a very long recession or worse.

In many ways blaming the banks is a cop out. Yes they were the enablers, yes they didn't follow rational standards.... but frankly it was 'the people' who wanted to outspend their incomes that led to the problem.

I really don't see an easy way out of this... I think it's going to be very bad for many years.



To: Tenchusatsu who wrote (460045)3/1/2009 3:10:32 PM
From: tejek  Respond to of 1576949
 
The problem is that IMO, the Feds are out of ammo.

Not really....you need to read this article:

Message 25453309

Plus the EU central bank has barely begun to act. Until recently, they have been, rather stupidly, fighting inflation.


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