THE NOTION THAT THE FED WILL PRINT MONEY "UNTIL JOBS COME BACK"...COULD BE A PROBLEM...
WHAT IF JOBS NEVER COME BACK... AND WHERE ARE JOBS GOING TO COME BACK FROM...
FOR THE LAST DECADE AT LEAST...JOBS IN AMERICA HAVE BEEN ATTACHED TO BUBBLES... DOT COM, HOUSING, STOCKS...WHATEVER...
IF THE 2008 DEBACLE LIMITED THE ABILITY OF THE US ECONOMY TO USE BUBBLES IN PLACE OF REAL PRODUCTION...JOBS MAY NEVER COME BACK...
WE SEE THE OUTLINES OF THIS ALREADY... OIL AND GOLD ARE SPIKING ON THE MONEY GUSHER FROM THE FED... STOCKS ARE SOARING AS BANKS ARE STUFFED WITH NEWLY PRINTED MONEY...BUT LITTLE IS REALLY HAPPENING ON MAIN STREET...
WITH FACTORIES GOING TO CHINA AND AMERICAN CORPORATIONS FLUSH WITH CASH FOR NEW ASIAN PROJECTS "ONCE DEMAND IN THE US PICKS UP..."
JOBS MAY BE EXTINCT IN THE US FOR SOME TIME...
AT SOME POINT BERNANKE IS GOING TO HAVE TO "TAKE THE PUNCH BOWL AWAY"...A NOVEL CONCEPT FOR THE FED FOR THE LAST TEN YEARS AT LEAST...!
