Skip to content

Propping up the credit market

September 8, 2009
Brasscheck TV

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?

No comments yet

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: