Belmont Club

By Richard Fernandez

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Going under

July 1, 2009 - 2:21 pm - by Richard Fernandez
buddy larsen
2009-07-02 07:10:17

buckets, if they really gave a damn about anything but the Party, they’d've not added several trillion of debt but would have stimulated (now and not ‘maybe later’) by some tax holidays which would’ve dropped new cash into faltering ‘demand’ –on the very next round of paychecks. Just like if they were really worried about carbon and electricity we’d have a hundred new nuclear power plants abuilding as we speak.

As far as Big Mortgage, one wonders if it comprehends in any way the pressure vessel it’s sitting atop with this (thank our lucky stars for this reprieve we’re frittering) current 5.3 long mortgage rate.