Quote:
Originally Posted by aceventura3
I am not a speed reader, but so far (first line in the Executive Summary), nothing disputes anything I have written here:
Do you call a 1/2 percent contraction in 2009 a catastrophe or whatever the word being used is? On a macro level, I argue that a 1/2 contraction is not abnormal and underlies a fundamentally sound, in this case, global economy. Further, to have a 2010 rise of 4 1/4% after a contraction happens when there is a fundamentally sound economy. If you think I am wrong, support your charge!
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Well, the Fed is holding down interest rates artificially. As soon as they HAVE to let them rise, any real estate recovery is dead. That affects almost every production industry left in America. We also have been shielded by all of the devaluation in real estate. That will have to bear itself out as well. Oh, then there's all the new taxes on the horizon for the $1,400,000,000,000 / year deficit we are STILL ringing up. So, yeah. This would be the bounce you have when you jump off the 20 story building. Brace yourselves for the splat. Of course, this is MY version of reality.
