[quote=SD Realtor]Seems pretty obvious to me that the so called recovery we started was simply the response to stimulus. Perhaps enduring the hard times of a recession/depression and not burrowing further and further into debt may be the bad medicine that will lead to a true recovery rather then simply building up more debt. Pretty much the US and Europe are essentially insolvent. Stimulating insolvent nations with worthless currency doesn’t really solve problems as we are learning.[/quote]
You’ve nailed it again, SDR.
You’d think most people should be able to grasp this, wouldn’t you?
Just think, a few years ago, some of us were saying that we had to go through a rather brutal deflationary recession/depression in order to find a solid foundation from which to build a *sustainable* economic recovery. We said back then, *before any of the nonsensical and entirely unethical bailouts that have/will cost us trillions of dollars* that any government interference in propping up asset prices would **prolong and worsen** the recession/depression over the long run.
We aren’t going to see a recovery until we endure the pain that the past few decades of too much debt/over-leveraging have caused us. We need to unwind the debt and the excess capacity, and we need to begin rewarding labor and productivity vs. gambling and speculation. It really is that simple.
