It occurred to me after a few minutes of watching Ben Stein on Larry Kudlow’s show this afternoon that, unless there is another asset class out there that can be inflated in order to once again temporarily delay the inevitable "easy money sobering up" process that has been due for many years, it is going to be a rather hard slog for the U.S. economy for some time to come.What’s most disturbing about our collective long-term prospects is that all anyone really talks about today is how much and how quickly the Fed needs to cut interest rates, how much and how soon fiscal stimulus sh[...]
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[Source: The Money Blogs]
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