Quote Of The Day
From The Economist, Buttonwood (their financial op-ed analyst):
This only adds to my worries about the Weekend at Bernie’s aspects of this recovery (and kudos to “Hedge fund guy” who first used the analogy). The Japanese spent much of the 1990s propping up their economy and sticking sunglasses on its face; every time they let go, it slumped again.
The discussion is the extent to which the economy will falter when government stops throwing money at the problem. It’s an issue that I doubt we’ll need to worry about, though, as our government has shown no signs of stopping.