Normally I love this writer, but....I think here he’s being too positive.
His book about Bill Clinton is dark as heck, and a shocking page-turner.
>>The key indicators of the US money supply are at last firing on all cylinders<<
Baloney. I’m beginning to think they actually think they can speak it into existence.
Pollyanna.
Rose colored glasses.
Whistling past the graveyard.
bump.
This is solely for the reason that the US has been deficit spending to the tune of $1.6 to $2 trillion dollars annually for the past three years.
The Eurozone cannot deficit spend to that degree due to their structure as separate sovereign nations.
The US has chosen the path of hoping to deficit spend in enormous amounts until the international banks take their boots off our throats (historically about another seven years).
If deficit spending to that degree stops then we instantly enter into a very large deflationary depression.
Instead, the politicians have decided to kick the can down the road and destroy the economic future of generations untold.
The economy may be growing, albeit very, very slowly -- not enough to keep pace with population growth, but its growth is limited by fiscal policy. Bernanke got this correct, at least partially.
It'll get better, just wait an see.
I don't see it. I see a broke, extremely divided country, most left with nothing but contempt for those in D.C. and at most local government levels.
I'll go down swinging. Yep. But the fact is, confidence is all but lost, in regards to anything improving by traditional methods.
Government continues to grows, spends more, more controlling...As most have lost all confidence and trust.
Those with Pollyanna comments, don't bother.
Really? This guy is joking right? I guess he hasn't noticed the 10 years worth of inventory on the market and all the foreclosures still going through.
yitbos
I read the whole piece. Wow. Maybe the author should add another hyphenation to his name: Ambrose Evans-Pritchard-Lenin, perhaps? The politicos’ escalation of the debt regime will render possibilities of the future dark and murky, indeed.
The further it goes, the more radical that dangerous reorganizations of various kinds will be. It was also noticeable that Evans-Pritchard appears to dislike the more productive EU members for refusing to go down with favorite southern European vacation hosts.
The only way out is free market economics. That is where the good ol' US of A has an advantage over everyone else. It's in our DNA.
Clear out all the government overgrowth, make path for economic growth and stand out of the way.
There will be horrific violence in a big part of the world.