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investor88's
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Peter has hit the nail on the head by declaring a Depression [instead of debating endlessly whether we are in a recession or depression and looking round the corner at the next boom business as usual].
Jan 11 08:09 am
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+4
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All Comments by investor88 »524,000 Jobs Lost in December; The Economy Is in a Depression [View article]
Nobody least of all politicians is going to take bitter medicine as Peter has outlined. We have to let nature take its course, take Depression in its stride even if it means a tough time ahead for all.
Notice that almost nobody agrees with Peter, everyone is talking about the next boom, about the magic wand of printing money and throwing money at problems.