[DelaWhere]

>>>If we stay the present course, you’re going to see the tailspin continue. To be effective, a large-scale restructuring of household indebtedness would need to be mandatory. The Great Depression was initially a U.S. financial crisis. But what made it a depression was its global contagion, and then the breakdown of trade and the retreat into protectionism. All of that can happen. All of that is in fact happening with terrifying speed.<<<

Always seemed strange to me that when a retailer finds products aren’t selling, he marks them down, even to the point of taking a bit of a loss to move it... Big banks, when faced with creditors who aren’t able to repay, they raise the rate, add penalties and make it next to impossible for them to be repaid... Strange logic indeed.

The spiral will surely accelerate... Until there is confidence in the system and confidence in the future, that slippery slope will accelerate downward.

[CottonBall]

Always seemed strange to me that when a retailer finds products aren’t selling, he marks them down, even to the point of taking a bit of a loss to move it... Big banks, when faced with creditors who aren’t able to repay, they raise the rate, add penalties and make it next to impossible for them to be repaid... Strange logic indeed.

That's the same 'logic' the government uses. When faced with budget shortfalls, they raise taxes on the working and productive people, even in a recession.