HELL HATH NO FURY LIKE A NOBEL ECONOMIST SCORNED...!
KRUGMAN IS RIGHT ABOUT THE APPARENT OBAMA ADMINISTRATION ASSUMPTION THAT THE SECURITIZATION MARKET WILL SIMPLY "GO BACK" TO THE WAY IT WAS...AND EVERYTHING WILL BE PEACHY...ONCE THE "PANIC" STOPS....
THE US ECONOMY IS A STRUCTURAL ZOMBIE...AND THAT ZOMBIFICATION WAS CAUSED IN PART BY THE "MAGIC" OF SECURITIZED DEBT....
WHERE DEBT WAS "PUT IN THE JUICER", SLICED, DICE, THEN LABELED "AAA"....TO USE KRUGMAN'S PHRASE...AND PASSED AROUND THE WORLD TO UNSUSPECTING INVESTORS...
KRUGMAN MAY BE RIGHT...WHAT IF OBAMA LIQUIFIES THE BANKS...STARTS THE "JUICER" GOING AGAIN...BUT NO ONE WILL DRINK THE KOOL AID!!
HELL HATH NO FURY LIKE AN ECONOMICS NOBEL IGNORED...!
