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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?


To: Jack of All Trades who wrote (40846)11/27/2012 2:08:21 PM
From: Fiscally Conservative1 Recommendation  Read Replies (1) | Respond to of 222324
 
No, I do not want to see consumer debt grow. I am a fiscal conservative by nature. My thoughts are based on what I expect will take place. Things will get much worse before they get better here at home. Wall St wants continue access to easy money. They care not where it comes from. They, in fact, lobby hard for Washington handouts as well the Fed. We need to take Wall St. out of the equation when dealing with political matters that are effecting our economic landscape and future. I don't see this happening. All I see is more and more QE's and fiscal stimulus that is barely if at all working. Borrowing 12% of our GDP to grow barely 2% is insanity.
Those borrowed dollars are a integral part of our fiscal fabric and growth cycle. Consumers borrow plenty too. This is nuts and unsustainable! This is not the blueprint for a sound fiscal infrustructure.

This is what I see: Doom and Gloom