I’ll go out on a limb and say that this is the point no one except masochists want to see. I’m sure there are those sorts of assholes out there who are hoping to reach that point for whatever reason their warped thinking along this subject may have impelled them to such hope.
The problem, besides margin calls, is there doesn’t appear to be any structural method for dealing with that event unfolding once it does starts. I haven’t heard any MSM mention of this problem either, so it is doubtful that any institutional activity will occur to address the problem before it resolves itself on its’ own simply because the pressure applied in todays information exchange paradigm always come after the event not previous to.
Given the amount of advocacy work that the cable outfits engage in on political and ideological questions it would seem that salvaging what remains of the economy would be of some import, if we are in fact being addressed by “experts” in all these other matters of conjecture and innuendo. One must presume they haven’t got a clue, or there is some other constraint that would limit free, open and respectful debate on solving problems on the horizon.
It is not, in my opinion, a question of who is right or wrong at this point. Could I prove myself, or be proven by others to have been completely wrong on all other issues that I have addressed previous to this post I would gladly accept the humble pie and eat it with relish if that would in and of itself resolve this current predicament that endangers not just friends, but foes, not just those near at home but also abroad. This sentiment could be ascribed to either my faith or my liberal tendencies without the slings and arrows of atheists and conservatives impacting my opinion on this matter one iota.
My generation has spent its’ entire lifetime waiting for its’ historic moment, and the false flags of the last decade have not risen to the current challenge as this issue does. There is a way to break the spiral of margin calls feeding into steeper and tighter spirals.
Months ago I called for an American jubilee, something so massive as to be virtually ignored by my better educated peers for whatever non feasibilities of the concept they could think of. Debt forgiveness and restorations being out of the question of the hard hearted, then pragmatism leads me to call for a freeze on trading in equities and bonds until the psychology of the market has had time to absorb the realities of the market’s failure and address the situation without the emotional impetus of making or losing money.
Lacking any other input on the situations resolution, if I ran the world I’d freeze trading so fast your heads would spin. What would you college kids do?