Irish Mortgage Brokers Blog

This is an interesting conversation that appeared on Bloomberg with Jim Bianco. He makes the interesting point that there are really two roads out of the place we are in, depression or reflation. Internationally Governments are doing all they can to support the economy, the issue however, is that when these plans don’t work it will be pegged as being a ‘failure of capitalism’ when in fact, it only reinforces the fact that capitalism is working as it should by getting past a bubble and letting the prudent players win out in the end. The ‘Why’ is really ‘why are we trying to stop the market from working’ not ‘Why did this happen’ or ‘why me’.

Fixing symptoms is not the same as finding a cure.