Money Quote : "My guess is that, at most, the Bernanke/Obama stimulus will buy two years before the hangover sets in. However, since this dose is so massive, the comedown will be equally horrific. My fear is that when the drug wears off, we will reach for that monetary syringe one last time. At that point, the dosage may be lethal, and the economy will die of hyperinflation."
optimistic.
/s
> My guess is that, at most, the Bernanke/Obama stimulus will buy two years before the hangover sets in ...
We should be so lucky. I am afraid that 2 years might be optimistic. According to Forbes (print), Social Security is going into a deficit from FY 2010.
Perfectly timed for the 2010 and 2012 elections. We may be watching the last gasps of liberalism in the USA. Once the peasant class figures out how their quality of life has eroded to support government workers, unions and bums, the Democrats will not hold power for decades (or so I hope)...