I usually disagree with this guy but for one thing: this depression is going to last a long time.
Especially his solution is to give every broke dick more credit. He must figure what the Hell can it hurt? 5 or 10 years from now according to him we should be out of it.
Then we retire by the millions. Broke. Our assets were in housing and the stock market. Gone.
Pray for inflation to bring these markets back. What a program!
What's a guy to do?
Save and pay off debt. Be ready for bargain hunting. Become a small bank. Every body will need a loan. Heh heh
Especially his solution is to give every broke dick more credit. He must figure what the Hell can it hurt? 5 or 10 years from now according to him we should be out of it.
Then we retire by the millions. Broke. Our assets were in housing and the stock market. Gone.
Pray for inflation to bring these markets back. What a program!
What's a guy to do?
Save and pay off debt. Be ready for bargain hunting. Become a small bank. Every body will need a loan. Heh heh
Paul Krugman Nobel Prize Winner in Economics on Washington Journal at CSPAN Junkie
1 comment:
been readin' your past posts and like what i read- I am adding your site to my blogroll, my readers will like it too or else!(ha,ha just kiddin) Have added you here- www.willyobiker.wordpress.com
Willyo- MYB Farm/Campground,
Big Bend, on Norman Ridge, WV
"willyobiker" willyobiker@yahoo.com
www.willyobiker.wordpress.com
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