Do you agree with those who see it as a Never Happen?

I think that within a few months - once we get well into Phase Two of the ongoing Credit Crash - we will see the politicians looking for scapegoats.....

A few financiers dangling from the Senate lamp-posts will go a long way to allowing the politicians who allowed it to happen to pass the buck...

"Any economic unit can emit money. The serious problem is to get it accepted" Hyman Minsky