And I thought Greenspan was one of your heroes. .
On Mon, Apr 11, 2011 at 8:48 PM, Gruss Gott <grussg...@gmail.com> wrote: > > Eric Roberts <ow...@threeravensconsulting.com> wrote: >> >> When I buy stuff, I generally buy what is best rather than what is cheap. > > Unfortunately there's been no real growth our economy for 10 years so > the last 3 administrations have used the oldest trick in the book: > credit. > > If you dump cheap credit onto the middle class they won't realize that > their wages have been stagnant for a decade, since they can buy a new > house, furnish it, take a trip, buy a new car, etc. (since they're > doing that on credit, not growth) > > Of course the problem with that plan is that at some point the ponzi > scheme crashes and you gotta pay somehow. > > June will be that time. Unless there's a QE III and, if there is, more debt! ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:336153 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
