Yep, we’ve gone down the rabbit hole at this point and a lot people are still clueless about it although that is changing rather quickly.
Folks, here is the deal. We (RE bubble bloggers, savers, financially prudent) are all engaged in a game of Economic Chicken. Yeah, I know, it’s a very elementary and pedantic way of putting it, but I think it is appropriate. The other side of this is the The Powers That Be (Risk Loves, Uber Wealthy, Politicians, Clueless Masses). In their corner, they have power over policy and we have logic and faith in economic theory that has borne out over many hundreds of years surrounding fundamentally sound monetary policies and investment theory….I.E., the belief that at some point the fundamentals have to take hold in this whole mess with the primary question surrounding the fall out and degree of collateral damage (job losses, lack of purchasing power, all of the above). No one is going to emerge unscathed from this unfortunately.
We need to consolidate our knowledge in a more concerted effort to determine the best way to mitigate the inevitable damage that will done regardless of who wins the game of chicken.
