Originally Posted By: Am_Fear_Liath_Mor

[quote] It really is beyond any Government actions to fix the problem. The feedback from the real economy into the asset bubble has not even really started, the full effects will not be known for at least 10 years.

The 1930s depression could pale in comparison to the problems everyone faces today.
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Very true. Or as Bill Bonner said, "The cure for a depression is a depression." Soon the Fed will have two choices, interest rates or inflation. And its important to remember that in the 30's the dollar was not the worlds reserve currency. Word has it the Chinese, Russians, Japanese, etc, are already less enthusiastic about buying our debt. Lotta chickens coming home to roost. Maybe implosion would be a better word than depression this time around.