Dr Grump
Platinum Member
So how do we fix it? What will it take?
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he was saying the other day the spending cuts will contract the economy.
So how do we fix it? What will it take?
So how do we fix it? What will it take?
So how do we fix it? What will it take?
So how do we fix it? What will it take?
Gee, I don't know. I wish I did.
The problem as I see it is that we aren't allowing markets to clear. IMHO, the government has backstopped markets for the past two decades, which has created massive imbalances in the global economy. Bigger problems has lead to bigger interventions, which has lead to even bigger problems. At some point, it must end. If we had taken our medicine a decade ago, I don't think we'd be in this mess today. But the government is running out of bullets, so the end may be thrust upon us.
The Asset-Driven Economy and the Market - Toro's Running of the Bulls Market Blog
Ultimately, we have too much supply. This won't get better until the excessive housing supply is eliminated, which should be by 2013. We also have to wipe out some debt. And we have to have the Fed stop always bailing out markets. If the stock market crashes, let it crash.