Posted on 01/26/2009 7:09:49 PM PST by sickoflibs
That depends on how much liquidity you have - for most of the guys out there it’s minus something - and even if it was positive if there’s a recession and job loss looming it’s unwise to spend the money rather then to tuck it away and safe.
It’s kill-the-debt time now and it’s ‘all risks on the table’ time also.
that stimulus is wise to make - but it will need a huge stimulus - most probably larger then what has been decided up to now - and for that huge stimulus there is a sustained need for creditors on happy pills (or with a gun pointed at them).
No it doesn't. My purchase may be a larger interest bearing bank account.
yours and mine maybe - but Joe average is in debt. Interest Bearing Bank accounts on the other hand don’t contribute much to V in MV=PQ.
Never said they did. My original point to a very confused Freeper upthread was that Fed purchases add new money to the system. And they do.
yeah - boring - you where right of course - but how about answering the REAL question ?
Will there be enough willing creditors for the needed reanimation of this flat lined patient ?
Eventually.
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