[quote=SD Realtor]I agree with Econ but over a long period of time. Lets call it like it is, we are NOT Greece…
We are way way worse off then Greece but everyone is willing to keep on playing charades with us so we can go skipping along.
Funny how those who told us we had to spend a trillion or so on bailouts are still be listened to. I am of the opinion that we should have taken our bad medicine 3 years ago but I guess we always do what we are told.
As you know, I agree with you, 100% on the quick deflation vs. a long, drawn-out inflationary/stagflationary recession/depression.
Should have let things fall in 2001. Instead, Greenspan and Bernanke had to inflate the world’s largest and most destructive credit bubble. And they **still** insist that more credit/debt is the solution to our problems. We are screwed.
