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Propping up the credit market

September 8, 2009
Brasscheck TV
9/7/2009

People often ask me where the economy is headed.

Isn’t it obvious?

Here’s the scoop:

  1. The world runs on credit – and not just credit cards and mortgage loans. Shippers, manufacturers, miners, retailers, farmers…they’re all dependent on credit.
  2. The credit markets are still in disarray and the structural problems are on an epic scale
  3. The only reason the credit markets are functioning is because they’re being propped up by non-stop government intervention.

So you tell me…

If you pay a visit on a friend and he has eighteen tubes in him and is on a ventilator, how healthy do you think he is? What do you think his prospects are?

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