Zeev's Turnips Patch-No Politics (ZEEV)

[Joe Stocks]

Zeev, AG's choices have only prolonged and expanded the imbalances that we have in our system. Greenspan's answer to high debt levels was even higher debt levels. It's like you kid a has a problem with charge cards and you keep rasing his limit to try to work things out. The 2000 recession should have been deeper for the huge excesses that we had. Right now AG sees the only solution is to inflate our way out. So, what the market didn't take away we will lose from higher inflation. Good luck to those reaching retirement thinking they had enough set aside. Many think their home equity will get them through. Think again.