WALL STREET PLAYS NICE IN BERNANKE'S "SANDBOX"

THE FED PROVIDED THE MARKETS WITH THE PLAY MONEY NEEDED TO GET THROUGH THE SUMMER...

BUT NO ONE KNOWS HOW TO SOLVE THE UNDERLYING STRUCTURAL PROBLEMS THAT HAVE GUTTED THE US ECONOMY...

"AND THE -BANK- BAND PLAYED ON...."

BUT AT SOME POINT SOMEONE WILL NOTICE THAT THE EMPEROR HAS NO CLOTHES...

FOR NOW...? JUST DRIFT...

THE PERCENTAGE CHANCES OF ANY TYPE OF "RECOVERY" ARE ALMOST ZERO...

WHY?

WELL, THEY AREN'T EVEN ASKING THE RIGHT QUESTIONS YET...SO HOW CAN THERE BE ANY REAL SOLUTIONS...?

ESSENTIALLY, THE BANKING AND MARKET ELITES WERE "PACIFIED" BY THE BERNANKE PLAY MONEY...IE "BAILED OUT."

BUT MAIN STREET AND EVERYONE ELSE IS STILL IN A DISMAL DOWNWARD SPIRAL...

THE US ECONOMY NEEDS TO BE SCRAPED AND RE-BUILD FROM THE BOTTOM UP...STARTING WITH SINGLE PAYER HEALTH CARE...AND AN INDUSTRIAL POLICY THAT "SOLVES" THE TRADE DEFICIT...

IT WILL ALL BOIL DOWN TO THE IDEA OF "LOW WAGES"....

DO LOW WAGES MAKE THE GLOBAL ECONOMY GO ROUND...?

IF SO ...WE REVERT TO A MEDIEVEL STYLE ECONOMIC SYSTEM...

IF NO...WE GO INTO A KIND OF EURO-SOCIALISM...WITH CENTRAL PLANNING AND PROTECTION FOR LOCAL PRODUCERS...

PRESENTLY...WE ARE JUST IGNORING EVERYTHING AND HOPING THAT THE BUBBLE DAZE COMES BACK...

SOMEHOW...