I think you may be right grov - I surely don't understand the games being played and on some level I am not sure anyone really does so lets not give the Fed much credibility
politicians and bureaucrats are going to play this magnificant cyclic credit deflationary wave that is rolling over them as a confidence or regulatory/meddling failure rather than acknowledge that for the most part they are ineffective and very much part of the problem and will surely make things worse for the average punter
the masters of the universe just don't get it: you can't spend more than you earn forever -but forever is an awfully long time on the K and other cycles
