Tuesday, July 13, 2010

A Thoughtful Assessment ...



SEE HERE So with all the stimulus and loose spending on God only knows what, there is darn little being stimulated and unemployment is still with us. So what gives? The short answer is that the market is a living thing and responds to expectations and none of the expectations are good because this administration is full of loose cannons. So cash is being hoarded. Gold is being bought. Temporary workers and overtime are substituting for job creation. Everyone is waiting for the other shoe to hit the floor. It's coming, but we know not when. As the administration continues to act irresponsibly, the unpaid bill we'll all have to pay is growing worse. The danger is that the dam will break and we'll all be overcome in the deluge.

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