[luke warm]

Quote

In a discussion on the global role of the dollar, Zhu told an academic audience that it was inevitable that the dollar would continue to fall in value because Washington continued to issue more Treasuries to finance its deficit spending.

do you think they will give us some money to stimulate our economy? i'm thinking we need an intervention...

[Winstonm]

I personally do not see a stimulus helping at this point as this is not the normal business cycle recessionary event - but IMO an end of an era of excessive debt creation that cannot be recaptured because we have reached our limits of solvency.

I do not think there is any way we don't follow Japan's path to recurring recession interspersed with periods of subpar growth.

[luke warm]

Winstonm, on Dec 21 2009, 08:44 PM, said:

I personally do not see a stimulus helping at this point as this is not the normal business cycle recessionary event - but IMO an end of an era of excessive debt creation that cannot be recaptured because we have reached our limits of solvency.

I do not think there is any way we don't follow Japan's path to recurring recession interspersed with periods of subpar growth.

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