Greetings Economists,
On Feb 6, 2007, at 5:56 PM, ken hanly wrote:
Clearly, the well is running dry; the housing bubble
is hang-gliding into the abyss and there’s nothing
Fed-master Bernanke can do to save it from its
inevitable crash-landing.
Doyle;
The word, 'clearly', here is rhetorical. Housing hasn't fallen yet
into the abyss. If that had happened the noisy crash would have
already set in motion a mass movement. We know what might lurk out
there, but we need right now to organize based upon what is happening
now. There is no crisis and if a crisis comes along we are currently
naked with no ability to respond.
So you know I think the question of uniting people is more important.
Doyle
