Quote:
Originally Posted by GregE
According to Shiff, we've been doing the "wrong" thing since sometime back in the early 70's. Now, according to my arithmetic, the last 35 years haven't been all that bad in economic terms.
Our present problems can be traced back to the housing bubble and the subsequent free fall of housing prices. Once housing prices stabalize (whenever the hell that happens), things should start settling down.
And if they don't?
If they don't, I sure hope we can come up with a better fucking plan than putting the rope around our own necks as Shiff would have us do.
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It is naive to think this is about the housing bubble. Schiff knows the cure where as those suggesting more debt and more spending are suggesting more cancer for a cancer victim.
But I guess if you hope really hard things might change.