IT SHOULD...?
IF YOU WANT A RETURN OF THE BUBBLE YOU HAVE TO TAKE THE GOOD WITH THE BAD...
THE ENTIRE FED AND US TREASURY EFFORT SO FAR HAS BEEN TO RETURN TO THE ASSET BUBBLES OF OLD...
WHILE THEY TALK ABOUT SUSTAINABILITY AND PRODUCTION AND ALL THAT BULLSHIT...
IT'S JUST MUCH MUCH EASIER TO LAPSE BACK INTO BUBBLE-NOMICS...THAN TO FUNDAMENTALLY CHANGE THE SYSTEM...
MY HUNCH IS THAT THEY WILL GET THEIR BUBBLE BACK...
BUT THAT THE CRISISES WILL COME FASTER AND DEEPER THAN BEFORE...
AND I AWAIT THE "MAGICAL THINKING" THAT WILL BRING BACK SECURITIZATION OF BAD DEBTS...
AND "FLIP THAT HOUSE" BUBBLE TO ITS FORMER STATE OF IRRATIONAL EXHUBERANCE...
I'LL BELEIVE IT WHEN I SEE IT...
SO FAR ALL I SEE ARE FUDGED BANK "RECORD EARNINGS"...BASED ON TRICKY ACCOUNTING....
BUT MAYBE THAT IS ALL WE DESERVE AT THIS POINT IN THE DECLINE.
