Wednesday, 24 November 2010
Inspired comment of the week.
The most succicinct and inspired comment I’ve read so far this week is by Stephanie:
“The cause of the current economic malaise is an over-leveraged consumer – the Fed can’t figure this out?!? They figured it out for the banks when they were all leveraged 40, 50 to 1 and were thereafter de-leveraged by receiving free handouts. De-leveraged the rest of us!! Then things will all go back to hunky-dory. Oh…wait…they can’t do that…that would end up putting the hurt BACK on the banks, wouldn’t it?