NOPE, by contrast to common sense our government has caved to the AARp and Unions (gasp) as is supporting a policy of deflation. Wages are down, home prices are down and the liquid money supply is virtually gone.
The current policy appears to be to allow loans to default then quietly mop up the mess. The equivalent of building a hospital at the bottom of a cliff rather than a fence at the top.
Our demands for 8% returns on investments combined with zero percent inflation have created a pressure cooker economy. Right now the pressure is being relieved through loan defaults. This is FINE until it hits MY pension plan which apparently loaned all this money at high risk to get the 8% I was guaranteed.
