Everyone is doing the right thing. Households are reducing spending. Business is reducing its costs. GDP growth is falling and investors are taking shelter in Treasury debt.
So what’s the problem? Well, the feds can’t bear to see people doing the right thing. They want them to do the wrong thing – that is, they want them to spend money they don’t have on things they don’t need. Why? Because it makes the economy look good…and makes them look like they know what they are doing.
-Bill Bonner
Aucun commentaire:
Enregistrer un commentaire