17 Reasons America Needs a Recession
November 24, 2007 by Trader Rich
17 Reasons America Needs a Recession.
- Purge excesses of housing boom.
- Reverse dollar's free fall by giving government a wake-up call.
- Expose Wall Street's shadow-banking system.
- Force fiscal restraint back into government.
- Wake up short-term investors.
- Rating agencies have conflicts of interest and favor Corporate America. Shake them up.
- Trigger internal recession in China.
- Force energy and auto industries to get serious about emission standards.
- Expose core inflation.
- Slow the Fed from cutting rates.
- Force Washington to get honest about how it's going to pay for wars.
- Expose CEO compensation.
- Stop privatization of federal government.
- Force congress to get serious about Social Security/Medicare disaster.
- Pressure consumers to reduce spending and increase savings.
- Lobbyists have replaced regulation. Stop this.
- America has always performed better during crisis'.
Read the entire are at Marketwatch.
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