IF A NEW BUBBLE IS THE SINE QUO NON FOR THE US ECONOMY...?
WHATS THE USE... ? THE US ECONOMY DOES NOT PRODUCE WHAT IT CONSUMES...
SO IT IS TOTALLY DEPENDENT ON THE GENEROSITY OF IT'S "TRADING PARTNERS."
OK...SO BERNANKE GETS THE MARKETS TO RISE A BIT ON MEGA LIQUIDITY...
THEN WHAT...WE START USING STOCKS AS COLLATERAL FOR MORE LOANS...WHICH WE BUNDLE AND SELL TO THE FOREIGN SUCKERS...?
SEE THE PROBLEM...
EVEN IF BERNANKE IS "SUCCESSFUL"...HE IS PUMPING UP AN ECONOMIC MODEL THAT IS DOOMED TO FAIL...
NOW...IF ALL THE LIQUDITY WERE EARMARKED FOR PLANT AND EQUIPMENT...SO THE US COULD START EXPORING GOODS AND SERVICES...
FINE ...I'M A BELEIVER...
BUT TO JUST PUMP UP ASSETS SO WE CAN START BORROWING AND CONSUMING AGAIN...IS SIMPLY NOT SUSTAINABLE...
AND THERE IS VERY VERY LITTLE SENTIMENT ON WALL STREET FOR "BRINGING BACK THE FACTORIES TO THE US...!!"
INDEED...ON THE STREET ALL THEY WANT IS THEIR ASSET BUBBLE BACK...!!
WELL, GOOD LUCK!!
