What if the great deleveraging is a good thing?

[blazespinnaker]

What if all this panic is for naught.

What if we're actually going through a very positive economic time?

Basically, money (ie, credit) is being taken away from those who do not how to invest it properly (the shadow banking system) and then being given back to those who do? (ie, Barack Obama)

What if Obama has the right plan, versus the plan that the shadow banking system had (which seemed to be building big houses in Conneticutt)

What if we're actually going through the great 'releveraging'?

[Techdread]

Re: What if the great deleveraging is a good thing?

What if all this panic is for naught.

What if we're actually going through a very positive economic time?

Basically, money (ie, credit) is being taken away from those who do not how to invest it properly (the shadow banking system) and then being given back to those who do? (ie, Barack Obama)

What if Obama has the right plan, versus the plan that the shadow banking system had (which seemed to be building big houses in Conneticutt)

What if we're actually going through the great 'releveraging'?

I think your right this is a very positive development.

The world has been shown that real wealth is not generated by the invention of fancy financial instruments.

The fact that a lot of Bankers/ Traders are losing their livelyhoods might mean that future Graduates might aspire to real careers in productive industries.

I'm just glad the cracks showed before the peak Baby Boomer's retired.

As for Obama he has his work cut out, he has been tossed a cocked grenade.:mad:

But maybe he can make the right hard choices.

[sunskyfan]

Re: What if the great deleveraging is a good thing?

I think this is dead on correct! It is amazing that some many people who "believe in the market" suddenly abandon it as soon as it points the finger at them and says "you are stupid".

The credit markets are frozen because the lenders know the borrowers are full-of-it and desperate to save their ass. The current economic regime is toast. Get over it and make the best of the reboot that is comming.

The markets have sent a clear message but know one wants to hear. We are moving from an era of faith and belief to one of knowlege and confidence. We better do it or a lot of us are going to die.