But that anomaly shouldn't continue forever. If the economy remains weak, bond prices should rally. And if all these rate cuts do panic the bond market, gold's the place to be. But he understands that you can lead a company to money, but you can't make it borrow. Tax cuts are fine, but won't be enough.
Consumers are too debt-laden.
What Washington must do is keep the stock market up. America can't afford another big market dip, which is inevitable as things now stand. The government must take an active role in keeping stocks where they are now, or getting them to go higher. Washington must directly intervene if the stock market stumbles again. The Bush administration needs to directly buy stock index futures with government money to stabilize the market.