Thursday, May 29, 2008
Reality Check
"Deliver US from evil greed"... ST/IT economic manipulation can blind the reality as we can see that majority of Americans are in huge debt after spending home equity/ARM crisis and after 1999-2000 bubble burst.
Instead of implementing cure policy, we are having sugar-coated medications to very sick economy. The mentality is that financially good for many is bad for big capitalists who are taking wealth away. We need to see fair economic policies.
Mountain of consumers' debt
The Fed comments on inflation
Kudlow - insatiable greed monsters on the Fed Mishkin resignation
The current ARM crisis effect was conspired during Clinton era with bigger bubble which is a prelude of ARM bubble, aka Internet/Tech bubble. Using "Bubble-Crash" is a way to rip US off.
Derivative Bubble - Ticking bubble bomb
Yale’s Shiller: U.S. Housing Slump May Exceed Great Depression
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