Austin
Elite Member
- Joined
- Jan 16, 2002
- Professional Status
- Certified General Appraiser
- State
- Virginia
A Mid Summer Nights Dream
STRADFOR is a private for hire international intelegence outfit. See stratfor.com
A few years ago they had an excellent article titled, "A Mid Summer Nights Dream." It was about the Japanese economy. To make a long story short: Japan had two alternative courses to correct their situation. Wait it out for a generation or two, or let the economy go bust and start from scratch. I think they generally split the difference. They deflated slowly which may have been more painful because their economy is a real contraption. I am not sure anyone understands it.
Our problem is that our political system cannot survive for 16 years and endure a slow deflation. Actually it could, but it won't. I get the feeling that the Feds have realized that the jig is up and they can no longer control events. The situation due to Katrina is an example. Basically what has happened down there is that the private owners have rebuilt and are better off then ever and the people that relied on or are waiting for the government to fix things are still waiting. Have you seen a picture of the mobile homes the government purchased and can't install because they are not legal in LA? It is a hoot. The federal government is officially irrelevant. It is all a hoax. It is back to caveat emptor. What happens happens. The old juggler has to many balls in the air and two few hands.
STRADFOR is a private for hire international intelegence outfit. See stratfor.com
A few years ago they had an excellent article titled, "A Mid Summer Nights Dream." It was about the Japanese economy. To make a long story short: Japan had two alternative courses to correct their situation. Wait it out for a generation or two, or let the economy go bust and start from scratch. I think they generally split the difference. They deflated slowly which may have been more painful because their economy is a real contraption. I am not sure anyone understands it.
Our problem is that our political system cannot survive for 16 years and endure a slow deflation. Actually it could, but it won't. I get the feeling that the Feds have realized that the jig is up and they can no longer control events. The situation due to Katrina is an example. Basically what has happened down there is that the private owners have rebuilt and are better off then ever and the people that relied on or are waiting for the government to fix things are still waiting. Have you seen a picture of the mobile homes the government purchased and can't install because they are not legal in LA? It is a hoot. The federal government is officially irrelevant. It is all a hoax. It is back to caveat emptor. What happens happens. The old juggler has to many balls in the air and two few hands.