whidbey

Of Exports, Gas Prices and the "Job Recession"

The jobs thing is awkward for Larry, but he knows it is just BS. The real thing to focus on is the absolute lack of importance of gas prices, that is a tax, which if removed does nothing with the deflation from asset depreciation that is eating the economy alive. Same way with exports, they are less than 5% of the economy, and while nice, hardly count in a trillion dollar melt down. Face it, we are going into a deflation which will not let up until consumers are cleaned up via bankruptcy, and the housing stock is depreciated to levels where buyers come in the mean time those of us who never did anything but live here will find we are denuded and left wretched. Too late! the Dye is cast.