I understand all your points and they are valid - increase in production, need for strong dollar, and low interest rates.
I'm not an expert and that is why I gave you the website.
Read carefully to what he says. thus far only thing he's been wrong since the beginning of 2007 (when I first started reading this guy) is timing.
He predicted that bailing out of Freddie would be short lived and he was right. only thing it did was prolong what is inevitable - recession or depression.
Recession is not a bad thing if you think about it - cause recessions check the bubble we were in.
but since 1987, we've not corrected the bubble (thanks for Greenspan).
and now we've been in the bubble for so long that it's going to burst and burst big.
Democrats should be very upset about the bail out - that's almost as much money spent on one day than what we spent on all of iraq war.
Who is going to pay for that?
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