Stein: Fear-Mongers Keep Us In Recession .........
If only it were so simple! But it isn’t. Go sit in the corner Ben with this dunce cap
We have a gargantuan debt overhang from years of senile old hippy Alan Greenspoon’s easy money policies. This slowly imploding debt is the problem. Not a fear psychology which is quite justified by the way
If anything there is not enough fear. Most investors that I see are just numb, not afraid. The main reason the markets are down, especially in Europe, is the credit contraction pummeling banks and anything related.