DrGREEN

Forget About a V-Shaped Recovery. Maybe a W. Or L. And What About $?

I think we are having have an "F" interacted with "G" shaped recession over the last 9 month.

Forget About a V-Shaped Recovery. Maybe a W. Or L. And What About $?

The rescue plan are nothing more than A,B,C simple step of progressive economics. However cleaning bank and other firms balance sheet is NOT enough to solve the crisis.
Citizens (sorry, we call them consumers) with students loans, debt, and 20%-30% credit card interest rate ) , can not barrow. If banks lend them any way, the cycle turn again with net results.
people lose homes due to Bidden Clinton vote for the Bankruptcy law, and banks end owning the land and homes again.
NEED to Revise the bankruptcy law again and students loans waiver law.