tag:blogger.com,1999:blog-5936637281134795592.post3408145505088746024..comments2024-03-08T08:55:52.985-08:00Comments on Whispers from the Edge of the Rainforest: Mission AccomplishedUnknownnoreply@blogger.comBlogger4125tag:blogger.com,1999:blog-5936637281134795592.post-64507745941163879802009-08-06T11:45:52.857-07:002009-08-06T11:45:52.857-07:00Thanks for the link Bloomy. I have long sided wit...Thanks for the link Bloomy. I have long sided with the viewpoint that we are at the end of the credit expansion that has carried on since the depression.<br /><br />We cannot reflate the credit bubble and, as a result, there is a long period of retrenchment to play out yet.<br /><br />Everything that is occurring so far is centred around attempts to re-flate the credit/debt consumer bubble.<br /><br />Many thought that the unwinding was going to occur in 2001 after the dot.com crash, but Greenspan et al were able to reinflate.<br /><br />That strategy is being attempted again, albeit on a grander scale.Whispererhttps://www.blogger.com/profile/03524022285962626228noreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-41928508795917922122009-08-06T09:20:00.565-07:002009-08-06T09:20:00.565-07:00I came upon this post this morning on theoildrum.c...I came upon this post this morning on theoildrum.com. <br /><br />"Temporary Recession or the End of Growth?" Written by Richard Heinberg<br /><br />He discusses the recession and "...what if this diagnosis is fundamentally flawed? The metaphor needs no belabouring: we all know tragedy can result from a doctor's misreading of symptoms, mistaking one disease for another."<br /><br />Whisperer, I read your site because I value the facts you present and because you are in my area. I do however hold a longer view that is more in line with Richard Heinberg's.boomyhttps://www.blogger.com/profile/15877256233440037574noreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-53225260019639794302009-08-06T09:14:43.306-07:002009-08-06T09:14:43.306-07:00I can't wait for our monetary policy to start ...I can't wait for our monetary policy to start making sense again. It seems that bad behavior is being reinforced and propping up assets that have ultimately need to come back to earth.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-80952319236000587092009-08-06T08:31:07.171-07:002009-08-06T08:31:07.171-07:00I agree. I know 3 people who have bought in the la...I agree. I know 3 people who have bought in the last 2 months. The number one reason they chose to buy at this time was the low interest rates. All three are carrying several hundred thousand in debt using...VRMs.Anonymousnoreply@blogger.com