[quote=peterb]
Only time will tell, but we need another bubble and I dont see it anywhere. I think we are now stuck in reality and have to face the fact that the creation of wealth can only be sustained with innovation and gains in productivity and invention. These tend to take more time than creating bubbles.[/quote]
How about a nice big war to fix the economy?
I just don’t see anything that’s going to help us out of this one. Government intervention to slow foreclosure rates is just prolonging the agony. The simple fact is that without the exotic loans, houses are too expensive.
