[mlocher]

Right now we’re playing with the idea of inviting a depression.

How right you are. I will get flamed on this, but had Bernanke not pumped massive amounts of liquidity into the market, we most likely would be in one right now. Currencies are fluctuating wildly, unemployment is prolonged and very high, investors are not investing in job creating ventures ... all classic symptoms of a depression. The only symptom we are not seeing is falling prices. We are in dangerous waters, caused by failed fiscal policy.

[wastoute]

Like WIle E. Coyote our economy continues to hover just over the edge of the cliff for no other reason than very few have actually looked down yet...

This is about to change.

[Atlas Sneezed]

had Bernanke not pumped massive amounts of liquidity into the market, we most likely would be in one right now.

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Maybe. And it would have been briefer and less devastating than the one that is inevitably coming, worsened by the efforts to defer it for political reasons.