Quote:
Originally Posted by Tyrone Slothrop
It's hard to blame you for this blinkered confusing the state of the financial markets with the state of the economy, since we have an entire business press and political discourse that has completely forgotten that there is any sort of citizen other than the investor.
When people say that there is a problem with demand, they are saying that there is a problem with the economy that is entirely different from the whole paradigm that you're stuck in -- a problem that cannot be solved by figuring out how to get people off the sidelines and back to investing. The problem right now is not with a lack of investment. All of this supply-side crap that tries to spur investment is not going to help right now. I'm not saying it will never help. I'm saying it's not where we are right now.
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Don't tell me what I wrote. I'm the person who has written over and over, "All lending is essentiallly consumer lending." I understand demand starts with the purchaser, not the investor. But the purchaser has no fucking money right now. Logically, in that vacuum, one looks to the next closest form of energizing capital: Investors. Growth requires both demand and investment. I only focused on one because the other is pretty much extinct. I don't know where else to look. (You say "the govt," but this is a canard for the reasons we discussed yesterday.)
