What’s that matter, r66? You don’t see the wisdom in borrowing 12 trillion at interest to prop up a market above what it’s worth, with quickly deteriorating fundamentals while heavily incentivizing people to buy the overpriced assets and not addressing the fundamentals. You really don’t want to partake in this?
In perception control news:
“So far, there’s nothing pointing to a fundamental turnaround this year, or next, or for that matter as far as the eye can see.” (Krugman blog post from April 1st 2009)
To more recently this:
“There has been a lot of talk lately about green shoots and all that, and there are indeed indications that the economic plunge that began last fall may be leveling off.” (Krugman Op/Ed May 3rd 2009)
What a difference a dinner at the White House can make.
Pundants, all together now, “growth by the end of the year!”
