Which way will you choose, more bottom up or more top down?

Say "good luck with that".

 

You failed to answer the question. Please try again.

 

That's not politically viable Lucrum. We will see your senario play out soon enuf. California is going to default without federal help. Illinois will too most likely.

 

Don't forget Texas.

 

Maybe, but it should be.

 

I didn't. But Texas is not in as deep a hole as Cali and we are.

 

That's the point of the discussion really Lucrum. Traders are a self selected, informed and intelligent breed. We understand the fine details of the economy. If we have no answers, then there probably aren't any. That is what I told 777 in so many words, we are past the event horizon. Do you agree?

 

Yeah, thanks to the fact they avoid that hocus pocus Keynesian bullshit.

 

Fine, but they are still in a serious hole. Did they follow Hayek? Why are they in a hole at all?

 

No, they followed Bush-yek.