Replies to post #143285 on Zeev's Turnips Patch-No Politics (ZEEV)

[inthehills]

duper_man. we agree. <They will pull all the stops including putting a carry tax on cash and savings accounts if they need to>. And that is what happened in Brazil.

I love this country!

But buying foriegn goods on borrowed money does not instill confidence in the people that loan us the money to keep buying.

IMHO we have a limited amount of time to smarten up. But any leadership in doing so will very likely not come from DC.

Yes, I voted for Bush. And to be honest I am afraid of him.

But he seems to be our best hope!. Godspeed to him!

[TJ Parker]

They will pull all the stops including ...

but then, this is all in nobody's interest unless they believe it leads to a sustainable recovery.

cliggott was on cnbc today making some good (bearish) points, including the observation that the various fiscal stimuli we're seeing were coordinated to hit now (tax cuts, mortgage refi peak). to that, i'd add a (failed) attempt to get oil prices down. he sees this becoming more obvious over the next few months (and, of course, new lows - but not this year; within the next two years).