I'm still here - the goldbugs haven't converted me yet - but in the future I'll remember the sarcasm tag to remove any doubt. I've heard so many times now about how all this cheap money Greenspan foisted upon us has created the so called housing bubble that's going to destroy our economy.........someday. Anyway, just yesterday Greenspan came out and claimed that the worst of the housing decline was over and that we should see a recovery in 2007.
Now, the goldbugs will howl about this and claim that Greenspan has lost his marbles but, in the very next post, they'll show us quotes from Greenspan supporting a return to the gold standard. I guess Greenspan is only right in the head when he supports their ideas and he's just plain crazy when he doesn't. No one ever accused goldbugs, or protectionists for that matter, of being consistent.
Maybe not accused, but I'll confess that I keep hoping. It's like over on this thread how Todd and I keep trying to explain to Ross how the fact that our factories are making more is not cancelled by how much we import.