On Dec 22, 3:01 am, Declan Murphy <declan_mur...@hotmail.com> wrote:
> On Dec 20, 10:26 pm, "John W." <worthj1...@gmail.com> wrote:
>
> > On Dec 18, 10:17 am, Declan Murphy <declan_mur...@hotmail.com> wrote:
>
> > > Shit. I really hope that the US Fed, ECB, BoJ and other central banks
> > > can remember how to spell "p.r.i.n.t.i.n.g.p.r.e.s.s."
>
> > We might have to wait until someone with a different agenda sits in
> > those offices, at least as far as the US goes.
>
> Maybe, its a shame the transition is so long, I don't know of any
> country where the transistion to a new executive takes many months.

Ain't it a great system? At least one state still hasn't completed the
vote count for the Senate race. It's 2008 and we still haven't come up
with a better system of counting votes than having piles for this
person and that person. (and no jokes about having piles)

> In terms of avoiding a deeper recession than would otherwise be the case,
> I think its too late already. The US in particular seems to have
> entered the kind of liquidity trap that I until recently I thought
> only existed in economic history and theory.

It also looks like we've learned nothing from the Japanese situation.
I truly believe that if the government had left things alone it all
would have worked out. It would've been painful for some, but on the
whole I think we would have come out of it okay.

John W.