| Subject: | Feldstein: Our Own Economy May be Running Out of Steam |
|---|---|
| Date: | Tue, 18 May 2010 08:39:22 -0700 |
Feldstein: Our Own Economy May be Running Out of Steam
This was reported on Bloomberg in a promo for his appearance. I think that the "may be" could be replaced by is. Separately, Teddy Weisberg had this to say, "Zero-interest rate policy is a proxy for the economy being on life support." I agree. It is a terminally sick economy. How is a professional e-CON-meister to know. He is bullied by few quarters of data propped up by govt programs.
An economy under the management of an organized gang of extremists with mobster morality cannot have a good future. All that the cabal can do, and is doing, is to postpone the disaster—the Greater Depression—by propping things artificially now and making things worse later. Borrowing from the future is a very bad idea because one day that future arrives in a bad shape. The cabal is making it possible for a small group of people to make a killing now so that they would not have to worry about when the bad future arrives for the rest. What a system!
Jas
Real Estate
Posts
No comments:
Post a Comment