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Perhaps the economy is just going through a massive dead cat bounce? I suppose the Keynesian pump will work for just a wee bit more before another dump. In fact the Feds announced the "double it" approach in regards to QE. A cyclical pattern of more money and shorter booms is becoming more evident. Can't wait to see what happens when the QE totally decouples and sends the next bounce 6 feet into the red.
Last edited by seraphson; 12-07-2012 at 10:34 AM.
To those benighted souls who cry for "security", either that of the subjects of a benevolent king, or of a paternalistic system of Government-over-Man with its government-provided economic "security" accompanied inescapably by only a limited degree of Liberty, namely a system of Man subservient to Authority, The American Spirit replies "Better Liberty with the challenge and dangers of the unknown than servitude's deadly certainty of economic security."
Intelligent choice--between 1776 Americanism and conflicting Isms (chiefly Socialism in the USA today) requires primarily thorough knowledge of these Principles.
"Those who profess to favor freedom, and yet depreciate agitation, are people who want crops without plowing the ground. They want rain without thunder and lightning. They want the ocean without the awful roar of its many waters. This struggle may be a moral one, or it may be a physical one, and it may be both; but it must be a struggle. Power concedes nothing without a demand. It never did and it never will."
- Frederick Douglass