Zeev's Turnips Patch-No Politics (ZEEV)

[mainehiker]

jmkel as others esp mlsoft and myself have pointed out
the rate cuts arent the cure or certainly not all of it..it was a plain giant bubble, with giant misallocation of capital, exceessive leverage, resulting in giantic debts across the board....it will take , time, time, failures, amd pain for the excesses to be worked off....greenies massive pumping are slowing the magnitude of pain, perhaps but prolonging its duration..or more ..that's my view..the rise in oil prices is a tax and hurts..but is not in any way the root casue of our problems imho
MH