First it’s the Rolling Stone….
Now I’m agreeing with Paul Krugman, for Christ’s sake.
We have run out of suckers. The ones we have are borrowing and printing to save themselves. Their all praying that a couple of trillion a year pumped into the world economy collectively will save our sorry asses.
For awhile they are right. Expect a series of W shaped collapses and you can’t go wrong.
As an aside, the Government is becoming more afraid of us. Ask Napalitano.
Got to grab them guns. We need a crisis to save the Fed’s sorry asses.
Swine flu maybe. Yea, some exotic disease maybe.
Not only do we need another planet to save us, we need a galaxy!
For what it’s worth, a key conclusion from the IMF’s new World Economic Outlook is that recessions caused by financial crisis typically end with export booms, with the trade balance improving, on average, by more than 3 percent of GDP. I find this a disturbing result: we’re now suffering from a global financial crisis, which means that the usual driver of recovery will only be available if we can find another planet to export to.