Well lets think.........90-million people without jobs? No that can’t be it. Must be Bush’s fault.
There are many gallons of gasoline sitting in our financial house right now and housing remains a big one. The student loan bubble is another. Unaffordable entitlement spending is a big one. The banks have lots of them too beyond things the average person relates to. Consumer debt is a huge one as is government debt.
Obamacare is poised to suck lots of money out of an already tight economy for consumers and that will impact all of the above. Confidence in the dollar will be destroyed on our present path and inflation seems inevitable.
I think few understand the big picture and articles like this provide a window into a specific market. Not disagreeing with the author, only wondering out loud when the flame of inflation, government foolishness, an exploding entitlement class, and unemployment ignites everything.
Foolish people believe it won’t happen and they believe we are somehow immune to simple math. Wise people know the numbers don’t add up and we can’t sustain the illusion forever.