It could be years. This is so depressing.
Interesting. Thanks for the links.
That's whats so frustrating. My household and many of my friends and family are doing the right thing by deleveraging our personal debt as fast as we can, while Dear Leader is spending and printing money he doesn't have so fast to prop up bad debt that it seems like the one step forward two steps back economy.
The authors apparently take 0bama’s bad joke of a ‘stimulus’ package seriously. That is very depressing.
If we are lucky - we will have the Japanese version of the “lost decade”
Maybe the Mayan calendar is right...
How many different spin slogans does that make now. Tell them someone sprayed their green shoots with round up and green ink from the Fed's money presses..
A large part of my work involves dealing with small businesses. These are businesses that aren’t traded on a stock market, don’t have DC pols at their beck and call, and rarely make the news, but that also drive most of our economy.
The bad news: They’re dying in droves. Seas and messes of them. It’s BAD. And zero’s policies - or rather the justified fear of his stupid policies such as cap-and-tax, “pro-labor” (actually anit-business) policies, and expected big increases in taxation to pay for zero-care (these guys often fall into the “eeevvviiiillllll rich” category, but just on paper) - are pushing many of them right over the cliff.
People, we are in for a MUCH rougher ride than the idiotic press and “experts” could even dream...
Get on with the depression, it’s the only thing that can clean up the credit disaster!
Wipe out those living on credit and those that gave it to them!
So...we’re due for 25% unemployment instead of worthless currency?
So let me see if I have this straight. Our great supreme leaders have learned the lessons of the previous Great Depression. So while the deflationary depression places massive downward pressure on prices, the world central banks are placing massive upward monetary pressure on prices. And that is supposed to be a more sound financial solution ? Sounds more like the forces behind the trigger mechanism for a nuclear bomb to me.