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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (254464)	6/17/2010 6:39:54 AM
From: Dan3	Read Replies (2) \| Respond to of 306849

Re: Do you think the unfolding drama is because the US is living within its means? There's about 15% unemployment. The nation as a whole seems to be "living" BELOW its means. There has been almost no Keynesian stimulus. What has been done has (with a few exceptions) been monetary stimulus leading to "pushing with a string" - exactly the condition that Keynesian policies are supposed to address. Keynesian stimulus involves spending government, not loaning to bankers at zero rates. Most of the recent incremental spending by government has been welfare for bankers and hedge fund operators who were stupid and greedy and gambled and lost. There's been very little keynesian spending. That's why there's been only limited inflation (and why gold may be getting ready for a pull back). Monetary stimulus involves cutting rates. That and bailing out incompetent hedge funds is all that's been done with a very few exceptions like the "making work pay" $400. That was keynesian and fiscally liberal.