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Originally Posted by Mavdog
previous to the feds efforts to lubricate the flow of debt, there was a paralysis in the markets.
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That's not the conclusion of the linked article (and report upon which the article was based)....more like:
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the U.S. and other governments may be throwing good money after bad for want of a better idea of what is really happening. "Just like a doctor contemplating an obviously sick and suffering patient, a massive surgical intervention based on a misdiagnosis can only worsen the patient's condition."
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I think they (federalis) mistook the market's liquidation of bad debt for "paralysis", and now we're gonna be the ones in dire need of lubrication.