Liquidity + strong demand will lead to prosperity. Liquidity + weak demand will only lead to stagnation. The fundamental question to US economy is DEMAND but not liquidity. Deleveraging will drag down the demand for years. By re-engineering from Ben 's policy recommendations, I believe the demand won't pick up before 2014! That is what the market should really read into!
【在 p****a 的大作中提到】 : As a bear since the beginning of this year, I have been burned by bears for : more than 3 weeks. Please give bears at least one MDD bah.