Thanks for the post, Mark. Peter talks good "sense" in economics. He's right on target. We are "violating market norms" by dropping interest rates and stimulating spending when consumers just don't have the money to be spending. I think people are beginning to figure it out. They have to pay down their debt and save money in order to strengthen the economy.
One thing I didn't hear Peter mention is the fact that people are losing their jobs. If a person doesn't have a job, they can't pay down their debt. Not unless they live "off the system" so to speak. And if they "live off the system", they are collecting money from the government (unemployment) which further worsens the national crisis. Particularlly since the government of the United States is presently so far in debt that it is getting ridiculous with extraordinary expenditures.
In my opinion, the people who are reading this thread are getting one of the best educations in "economics" that is available on this planet. They also get an "eye full" ~ at times. But if they are actually reading the material they are so far ahead of the curve that they will be looked at as "gifted" from their level of understanding. That is because we post all of the best information from the best economists.
Anyway, thanks for that post. We all appreciate it.
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