Quote:
Originally Posted by Strangelet
So bas_you_are.......
you seem to have a handle on the market's behavior. And you also argued in this thread in support of the bail out. I'm curious why this precipitous drop is in no way an indication that the bail out failed to address the fundamental problems of the economy and everyone knows it, only further gauranteed a condition of stagflation circa 1978.
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never said it would fix the stock market. I've not been concerned with wall street. I only said it was necessary to prevent total meltdown of the credit markets.
And you are right to be concerned about stagflation, too. what needs to happen is that interest rates must rise to demand driven levels so new credit is handed out with due diligence.
difficult for me to comment right now as I am typing this on my capitalist created smartphone.