xjo weekend zoomba lounge, page-111

"It might also interest you that Ben is a student of the 1929 and 1937 events. It was considered by many economists that the reason for the 1937 event was the tightening policy of the Fed Reserve. We can see why Ben has used the stimulus because he did not want 1937 to repeat."

Fletap.. With all due respect.. the stimulus has not worked..NOW please explain to me how on earth r we going to get out of this?.. The U.S has nearly zero interest rates..14 trillion+ debt..apple has more cash reserves than the treasury ..assuming they cut gov. spending and raise taxes..How do u think that will affect the growth story? How r they going to bring down debt?
The last thing the markets need is no growth..
Unemployment in the u.s will rise beyond 20%..negative growth will send debt above the 20 trillion dollar mark..and so on and so on.. Until they default.
Then we head to europe.. pending default.. there is no way in the world europe is going to escape this debt monster.. with no growth..just imagine negative growth.

Now.. bernanke might be a student of the Great depression..but i have a feeling he is going to live through one.. in my humble opinion..

I once said in 07, markets should have been left to collapse on there own weight...NOW they have not only doubled the problem they have opened pandoras box..