This is a fairly good explanation and description of what they intend to do
for a jump start to the economy.
What they over looked in this description of the quick fix is the Fed will
also lower the Bank rate to somewhere near 3%.
So by summer we will be floating in paper money. Will it work?
We'll it sure will work to create inflation fast and furious. It will be
wild spending with out direction. It's drug money and not national
investment funds.
But for a nation of addicted spenders (consumers) this needle will bring the
color back to the addicts cheeks.
Though to get the golden egg the ultimate price will be high as we should
then have super inflation by the last quarter of 2008. And more bills and no
more or additional jobs for the mindless mobs at the Malls.
This is not going to revive the national housing market nor resolve the loan
problems for the investment banks or change the status of the foreign
balance of payments. And though it is in bad form to mention it. The nation
from Joe nobody to the federal coffers are broke and empty.
And the price of fuel in all forms will continue to increase along with food
prices.
But Dude or Dudette, this may get some of the Home Boys back in the saddle.
Because we must all remember this is a horse opera we are playing in right
here in Dungville and splashing muck on the hero's costume is really bad
form.
No comments:
Post a Comment