[Travis McGee]

See my last. The Fed is damned if they do or don’t. We’re cornered, the result of our credit bubble excesses. It’s too late to be saved by Bernanke pulling a Volcker. Won’t/can’t work this time.

[Ann Archy]

Isn’t Greenspan to blame for a lot of this mess with LOW INTEREST rates??

[dennisw]

See my last. The Fed is damned if they do or don’t. We’re cornered, the result of our credit bubble excesses. It’s too late to be saved by Bernanke pulling a Volcker. Won’t/can’t work this time.

When Paul Volker got us out of Jimmy Carter's mess our trade deficits were very small, most oil we used was domestic and there wasn't as much personal debt, governmental debt and money owed to foreigners. The United States had much better underlying health. Much much more of what you bought week to week was made in USA from tools, to clothing, to food