ST Alpha - "The country is addicted to a drug" (Reading a Post)

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In response to "QE is seen as the stopper for Systemic Risk, economy buoyancy. The political slant is bailout vs tough economy. -- nm" by budice

The country is addicted to a drug

Posted by Strongbad (aka Rambler14) Oct 1 '13, 04:55

and the longer it takes to remove the drug, the worse the withdrawl is going to be

I question how much of our economic growth of the past 4-5 years is a result of this drug

Responses:

well, a lot more growth than is due to our dysfunctional fiscal policy, for starters. -- nm - znufrii Oct 1, 06:06 2
- [deleted] 1
  - wasn't even going to get into that level of detail, but yeah. - znufrii Oct 1, 06:13
[deleted]
More like Wall Street is addicted, Derivates can be carved up and sold at risk knowing the Fed will bail them out. -- nm - budice Oct 1, 04:57 1
- Moral Hazard has been breached, there is no incentive to break up too big to fail. The interconnects between banks force the Fed's hand on bailout. -- nm - budice Oct 1, 04:58

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The country is addicted to a drug

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