Interesting arguments here. I’ve sort of felt as though we should let the free markets control the outcome until I realized we’ve really never had free markets. The FED and the banks are controlling every move in this economy and that will continue to happen to ward off any free fall of the US economy. Sure in the past we thought everything was run with a capitalistic mentality, but the more I see what’s going on now the more I realize it’s all a big sham.
We don’t have any control of what happens in this country. The FED is tight lipped and few understand their ultimate goal. One thing I will say is that the FED is making the right short term moves. Not sure how that plays out in a year or two from now, but people are definitely spending again, lending is moving in a circular fashion and some businesses are moving back in the green.
One thing we are all aware of is that the banks are playing the supply and demand game. They aren’t touching CRE and regardless of how we feel this may be the only way to find any comfort in the form of a recovery effort. I don’t like what I see, but I think realistically unless my dreams are for the US to fall into the abyss this may be the only way for the US to survive. I prefer to think that the jack asses that run the show are looking out for my best interests. The only good thing there is my best interests also involve theirs. Only time will tell. No graphs, no charts, just time!
