[quote=Eugene][quote]Why just the mention of selective facts that give the impression that the worst is behind us? [/quote]
Because it is? Notwithstanding the fact that mortgage interest rates are 0.5% lower than they would’ve been if not for gov’t intervention…
BTW, if you’re confident that there will be a dollar collapse some time soon, you can probably make a lot of money in the futures market … I took a peek at forex futures and there is no indication of an upcoming dollar collapse there. Evidently, institutional forex traders are oblivious to the danger. Time to show those Wall Street types that they can be bested by a faithful Bloomberg reader.[/quote]
Dude, the whole western banking system is still insolvent. Defaults are going parabolic. Credit is still and will for the foreseable future keep contracting. The only way they can stave off a deflationary collapse is replacing private debt with government debt. How long do you think that can go on?
This is not what you call a sustainable situation and like all thing that are unsustainable, they will become sustainable. Usually in an unpleasent way.
But hey, think what you want. Whatever makes you sleep better at night.
