wagman

The Paragraph That Changed the World: Will Treasuries Crash?

the only certainties are death and taxes and you can be certain that our tax burden will rise as a result of this bailout and for what? to stabilize housing markets and help us to be able to get affordable mortgages. hardly. politicians are once again wanting to be reelected and are throwing their sponsors a bone and hoping that the rest of us will reelect them as we do with regularity so they can continue to slop at the trough of government largess. i'm with econ 101 here. let the markets work things out for themselves. that way those who overpaid for their houses, stocks, bonds or whatever can take their losses and those who were more responsible with their investment choices and saved rather than spent during this long period of credit inflation are not being penalized for the sake of "special interests". good luck to all of you who are buying this rally and looking forward to this being the new "signal event" indicating a market bottom. credit deflation is inevitable and will march onward until satisfied. this action does nothing but delay it for awhile, benefitting certain sectors and individuals, hurting others, and being passed off as needed for the greater good. the ultimate irony will be when they are forced to reduce and eventually eliminate the mortgage tax deductions that have been the other ongoing stimulus to encourage you to overpay for what is really just another consumption item.that is when john q. public will know that he has once again been fleeced and left on the hook for the biggest housing bust we are going to see in our lifetime. great time to be a renter and protect whatever you have for the time when there really is "blood in the streets" and then buy whatever you can with whatever you have left.