[arete]

As long as the pool of real funding is expanding and banks are eager to expand credit (credit out of "thin air") various nonproductive activities continue to prosper.

The system hasn't been permitted to clear itself of the 90's bubble. Instead, the excesses and nonproductive activities are now being supported to present the illusion that all is well. In the mean time, the underlying economy becomes weaker and weaker.

Richard W.

[Billy_bob_bob]

Agreed. Which would suggest that when it does finally tank it will be very nasty indeed. Kind of like having a potentially fatal disease, and instead of treating it right away you cover the symptoms with pain medication. Eventually the problem becomes much worse.

This is one of those deals where I hope I'm wrong but I fear I'm right.

[liberalnot]

>>(Greenspan is a ruling class elitist and closet socialist who is destroying the economy) <<

am i wrong in saying that even tho' reagan appointed greenspan, and the bushes keep him on, the economy under his tenure does better under a democrat presidency.

is this just the circumstances? or is there a design?