drhall

Brookings Panel on Economic Activity Conference: Housing Market and Fed Activity

nuki, capitalism and socialism, both exist as a fantasy, on paper at that.
Fair Trade and commerce rules bend and twist to enrich those engaged in the process of exchange. The growing interest in economy comes to the lower reaches of the fairytale by way of bad times ... the good times are tossed to housing purchases, auto and job pursuits.
The same can be said for the world economy, the dogged ability of oversight has come to roost. I find the comments of Balance Sheet ratings perfectly normal ... just as we lie to protect assests from the IRS we lie to sell assests at any cost, and at any rating, in order to plug holes in debt servicing and possibly, instant profits. Like the famous button says (back in the sixties) Where Does It End? With the proper fuel, in revolution. Revolution of economics only exists at the behest of the drivers and those drivers are now fueled by outside interests and intertwined goods and services. This should be a doozy !(Hazel)
You have five bad years to decide an economic direction. You have three to engage the results. You have two years to sell it to the public(now, the world). You are lambasted or hailed in one year. If it sucks too bad, you find yourself in all out anarchy. Economies are whipsawed in years now, not centuries. Campaigns work best upon admitting income to fuel the homeowner earnings and sustained ability to produce goods for trade. What A Rush!