Monday, February 16, 2009

I am not an economics wizard

But I don't think you have to have gone to an institution of higher education to figure out that politicians are not doing things right.

And how are the political looter class trying to remedy this situation? Well they are trying to re-inflate the bubble with the extra added spice of making the secured assets (property) even harder to repossess (in effect un-securing questionable loans either by fiat or with money plucked from the government's magic money tree). Pure genius.

And the next news item just around the corner? Think about US Treasuries... or 'Junk Bonds' as they will soon be known. 'Screwed' does not even begin to describe it.

1 comment:

  1. I'm with ya, sister! A friend of mine calls it the "economic STINKulus package."