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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (136557)	8/30/2013 10:36:53 AM
From: John Vosilla	Read Replies (1) \| Respond to of 149317

Great post but who is to say whether we as reserve currency actually pay the piper down the road? What if we just go back to the new normal a few years down the road when there will be no more shadow inventory and bank balance sheets will have totally healed while we keep creating 200-250k jobs a month, short term rates normalize at 3% and you can get a 30 year fixed mortgage in the 6% range. Everybody happy even savers at that point, no great depression 2 happened while globalization and technology continue to do their part from ever letting high inflation filter through into the system. Do remember up till now deleveraging and slack in the labor market have played huge roles in allowing Bernanke to get away with it. That will soon change but we aren't there quite yet.. I keep saying Bernanke could go down as the hero that saved the day. Just playing devils advocate doing point counter point here with you all IMHO of course as the structural issues are quite serious no one addresses..