"Washington is engaged in the doomed project of attempting to re-inflate a credit bubble." -- Mark Steyn
So true.
When TMD (too much debt) got you into the mess you are in, more debt is not the solution.
And that's the way the recessionary Ball bounces.
1 comment:
Ah yes the TMD syndrome combined with the BFIP (bigger fool investment plan) does not bode well for true economic growth. BTW BFIP in a nut shell is buying a property, real estate, stocks etc on the hope that a bigger fool than you will pay you more for your property than you paid for it.
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