tag:blogger.com,1999:blog-27993761.post574167407309233608..comments2023-07-27T07:43:17.253-07:00Comments on Waldenswimmer: The Mirage of Economic Recovery, RevisitedWaldenswimmerhttp://www.blogger.com/profile/09383447119958726339noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-27993761.post-15844851259192802102011-05-29T13:54:19.265-07:002011-05-29T13:54:19.265-07:00Financial Sense Online (FSO) this weekend said so...Financial Sense Online (FSO) this weekend said something along the line that that it is as if we are on a train going 100 miles per hour, heading over a cliff and, incredibly, nobody is doing anything about it. The consensus seems to be that Bernanke will try to keep things alive through this election cycle with more QE, although it may be disguised in one way or another. Whether things can be kept going that long is an open question. According to FSO, more than 40 cents of every dollar the government now spends is borrowed money. Even a non-economist like me realizes that can't last.hammerudnoreply@blogger.com