Thanks....the world economy is undergoing a millennial paradigm shift. There is little doubt that as the economic stability (that we assume"d") and exploited since WWII fades, government will be seen as the solution. I agree that there is little the private sector can do. What can be done when the total debt of the USA private and public is greater than at any time in our history? Of course the government will use deficit spending in an attempt to re-energize commerce. Does one put out a fire that was started with gasoline, with more of the same?
It's a fools game to think deficit spending will solve our problems, but as I've suggested to Soxfan, it sure simplifies investment decisions.
We're addicted to debt.
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