AND WE CAN ALL GO HOME...
THE PROBLEM WITH ECONOMICS IS IT'S LIKE PUTTING A TWIN SIZED SHEET ON A KING SIZED BED... THERE IS ALWAYS SOMETHING LEFT OUT...
LATELY THE FED AS BEEN "SOLVING" OUR ECONOMIC SITUAITON "AS IF" ONLY WALL STREET MATTERED...
SO WE HAVE THE NEW "LOW WAGES PARADIGM"...."HIGH TRADE IMBALANCES"... AND LOTS OF LIQUIDITY FOR THE SPECULATORS...!
HOW BIG OF A GENIUS DO YOU HAVE TO BE TO SEE THAT THAT ISN'T A REAL ANSWER TO THE PROLEM...?!
ECONOMICS IS ESSENTIALLY A : "SOLVE FOR X" SITUATION...YOU REMEMBER FROM FIFTH FORM ALGEBRA RIGHT...?
WE HAVE TO SOLVE OUR PROBLEMS.... "AS IF" ...LOW WAGES WERE NOT THE NEW GLOBAL PARADIGM...
AND "AS IF" TRADE IMBALANCES DO MATTER...
AND "AS IF" THE DOLLAR ...IS NOT A DEVINELY INSPIRED CURRENCY THAT CAN NEVER GO DOWN... AS J.M. KEYNES ODDLY THOUGHT...!
ALL RESERVE CURRENCIES FAIL SOONER OF LATER...THE TEMPATION OF THE BLESSED ELITE TO OVER PRINT IS JUST TOO GREAT...
ALAS, CARVE THAT IN STONE AND PUT IT ABOVE THE DOORWAYS OF THE GRADUATE SCHOOLS... OR JUST EMBROIDER IT ON A SAMPLER AND HANG IT ON THE WALL!!
EVERYTHING WILL "SEEM MYSTERIOUS" UNTIL...WE START "SOLVING" FOR THE RIGHT "X"... OR PUT ANOTHER WAY...YOU'LL NEVER GET THE RIGHT ANSWERS UNTIL YOU LEARN TO ASK THE RIGHT QUESTIONS...!!
INDEED...I'D RATHER KNOW THE QUESTION THAN THE ANSWER ANYDAY...
IF YOU REALLY UNDERSTAND THE QUESTION...TRUST ME...THE ANSWERS WILL TAKE CARE OF THEMSELVES...
