THE RECESSION HAS BEEN DECLARED OVER...BUT THE ECONOMIC DECLINE WILL CONTINUE FOR YEARS...
WHAT HAS BEEN MISSED IS THAT SOMETHING FUNDAMENTAL CHANGED IN SEPTEMBER... THE HOUSE OF CARDS COLLAPSED...AT A VERY MACRO LEVEL...
WHAT IS EMERGING IS NOT GOING TO BE AN ECONOMY THAT AMERICANS WILL RECOGNIZE...
THE KEY STONE OF THE NEW ECONOMY WILL BE LACK OF CONSUMER CREDIT...AND A WEAK DOLLAR...
THESE ARE THE REAL OUTCOMES OF THE SEPTEMBER 08 DEBACLE...
CREDIT CARDS ARE DISAPPEARING FASTER THAN THE FED CAN PRINT MONEY FOR THE BIG BANKS...
AT SOME POINT THIS YEAR REALITY WILL SINK IN AGAIN...PROBABLY AROUND SEPTEMBER...ALWAYS A GOOD MONTH FOR A "REALITY CHECK."
THE PASSAGE OF A STRONGLY PROGRESSIVE HEALTH CARE SCHEME COULD MAKE THE WORLD AND AMERICANS MORE CONFIDENT THAT "THINGS ARE CHANGING"...
A STALL ON HEALTH CARE NOW...WOULD BE A DISASTER FOR THE MARKETS LATER THIS FALL...
YES...I KNOW...
THIS IS ONE OF THOSE SITUATIONS WHERE THE RICH...ARE MERELY PARROTING THEIR MANTRAS...
SINGLE PAYER NATIONAL HEALTH CARE WOULD BE THE BEST THING TO EVER HAPPEN TO THE WALL STREET RICH... WOULD THERE BE RATIONING...? GOVERNMENT COST CONTROLS ...YES! BUT HOW IS THAT BAD FOR THE TYPICAL NON-HEALTH CARE CORPORATION...
WHY IS IT BAD TO GET HEALTH CARE OFF THE BACKS OF AMERICAN PRODUCERS...?
GOVERNMENT OPTION HEALTH CARE COULD SAVE WALL STREET...THEY JUST DON'T KNOW IT YET...
GETTING HEALTH CARE OFF THE BACKS OF CORPORATIONS AND THE WEALTHY WILL REVIVE THE US ECONOMY IN NEW AND DIFFERENT WAYS...
BUT A HEALTH CARE FAILURE COULD BRING IT DOWN IN WAYS THAT WE HAVE YET TO APPRECIATE...
