From Pimco:
Unlike Euroland or the United Kingdom, which appear to have gone on an extreme fiscal diet, the American answer to a bulging waistline is always “mañana.” Debt commission recommendations are tossed in the trashcan, tea party election rhetoric eventually focuses on miniscule and merely symbolic earmarks, and both Democrats and Republicans congratulate each other on their ability to reach a bipartisan agreement for the good of the nation. Munch! Munch! Off with our heads!Have a good night.
2 comments:
until now the US public has been a victim of stockholm syndrome whose kidnapper is the fed. I expect alot of political wrangling against the fed.
There is a very good chance the fed will be extinguished by the next recession
Post a Comment