Wednesday, May 23, 2012

This recession takes years and a lot of pain to play out.

Why don’t Feds understand what it takes to create private sector jobs? Same reason they didn’t in the 30′s. This is not an “inventory recession,” like all have been since WW II. This isn’t a matter of too much inventory.

This is a credit collapse where not just households, but corporations, cities and states went too [...]



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