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Old 04-14-2010, 08:27 AM
 
Location: Sinking in the Great Salt Lake
13,143 posts, read 19,134,646 times
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ksl.com - Bernanke confident in recovery; warns on deficit

Since he's wrong on just about everything, maybe deficits won't be a problem after all.
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Old 04-14-2010, 08:40 AM
 
1,842 posts, read 1,495,117 times
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Originally Posted by Chango View Post
ksl.com - Bernanke confident in recovery; warns on deficit

Since he's wrong on just about everything, maybe deficits won't be a problem after all.
I read the article. If consumers actually pick up their spending then we can see a lasting recovery. But the high rate of foreclosures mean that loans to home owners are very risky. The dynamics driving the high foreclosure rate haven't changed and that is the overvalued home prices. Those need to drop or wages need to come up or they need to meet half way between.
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Old 04-14-2010, 08:51 AM
 
Location: Sinking in the Great Salt Lake
13,143 posts, read 19,134,646 times
Reputation: 14006
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Originally Posted by newonecoming View Post
I read the article. If consumers actually pick up their spending then we can see a lasting recovery. But the high rate of foreclosures mean that loans to home owners are very risky. The dynamics driving the high foreclosure rate haven't changed and that is the overvalued home prices. Those need to drop or wages need to come up or they need to meet half way between.
It's Vegas odds if you ask me.

It seems to me the strategy is to pump up another bubble with low interest rates and free money as fast as possible. Problem is, it isn't causing any growth, just keeping us temporarily afloat at great risk to our future.
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Old 04-14-2010, 09:00 AM
 
1,842 posts, read 1,495,117 times
Reputation: 169
Quote:
Originally Posted by Chango View Post
It's Vegas odds if you ask me.

It seems to me the strategy is to pump up another bubble with low interest rates and free money as fast as possible. Problem is, it isn't causing any growth, just keeping us temporarily afloat at great risk to our future.
Just kicking the ticking time bomb down the streat a bit hopping it doesn't blow up before november. The total debt is going up now but not increasing economic output. Actualy the personal debt and corperate debt are dropping or that is what was happening a bit ago. The free money is going into places that are getting a better long term return. China, India etc. You aren't going to be seeing a good long tern return in the US unless we fix the economy and set it up for strong economic growth.

Bubblicious
YouTube - Men Without Hats - Pop Goes The World

Pop goes the bubble it should be.
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