MarvinMBA

An Absence of Leadership

When excess liquidity is created visa visa the housing bubble sooner or later the excess liquidity disappears by devaluation or loss of buying power. We are experiancing both. The bailout will just create more excess liquidity as it trys to start the bubble process all over again. Trying to solve our problem by throwing money at the losers is sure to create more losers. In this case we are creating new losers and going to be losing more and more. At this stage there is nothing this administration can do and there certainly is nothing the average guy in the street can do except go bankrupt.