Welcome to the slow death.
This is what happens when you get an M.I.T. grad and a Harvard grad all rolled up into one administration. Two dumb shits- each lugging around a giant inflated super genius ego.
So instead of just having the deflation part of the business cycle that the bankers wrought upon us- they have engineered a Japanese style stagflation cycle that will be with millions of us- the rest of our lives.
http://en.wikipedia.org/wiki/Stagflation
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3 comments:
Japan did what we are doing and they are still bumping along the bottom 20 years later.
While "bumping along the bottom" they ran into the Titanic's equivalent of an iceberg, a 9.0 earthquake.
Brian, if you have time, check out my post today on the central bankers.
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