Monetary policy isn't enough, we need to open the fiscal floodgates. Since the Republicans' #1 goal is to defeat Obama that's not going to happen. According to David Rosenberg, during periods of debt deflation recessions occur every two years, that means we're well overdue for a new recession.
Michael, a chartered market technician (CMT), edits the daily markets newsletter "Quick Takes Pro. " He is also a columnist for Barron's Online, writing the twice-weekly "Getting Technical" column covering the stock market, sectors and occasional bond, commodities and currency comments. Elsewhere, Michael contributes to the monthly Trading Strategies section at MarketWatch and is also a regular contributor to SFO Magazine as well as various other media outlets.
2 comments:
fo shizzle it fizzled!
Monetary policy isn't enough, we need to open the fiscal floodgates. Since the Republicans' #1 goal is to defeat Obama that's not going to happen. According to David Rosenberg, during periods of debt deflation recessions occur every two years, that means we're well overdue for a new recession.
Post a Comment