Declan Murphy <declan_murphy@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. 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.

This has been going on for a couple decades. The rest of the world is
only now figuring it out.

In any event, the US economy doesn't depend on exports to the US as much
as most other economies do, so they're likely to come out of this in 
better shape, if a couple fundamental issues are addressed.

Mike