I agree with what Hussman is saying about liquidity traps in general and how this "pushing on a string" cannot work. However, the entire notion of a "liquidity trap" is a Keynesian construct that implies "something" must be done. ... Mish and Eric King discuss Gold, the Stock Market, the US Dollar, Sideline Cash, China, and US real estate. May 2009: My Speech at Google - on Blogging and the Economy Thoughts on Blogging and the Economy - Speech at Google ...