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Politics : President Barack Obama
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To: ChinuSFO who wrote (114599)6/3/2012 9:41:12 AM
From: RetiredNow  Read Replies (1) of 149317
 
I find this hilarious. You guys derided me for the last 9 months as I warned you this recessionary environment was coming and now you accept that it is here? Who's wearing the rose colored glasses now?

All of this was predictable. Endless deficit spending and debt hikes with no credible plan for fiscal stability and endless money printing and zero percent interest rates. It was always just a sugar high. The market needs to clear the debt overhang. Unless governments of the world recognize that central fact, nothing will get better and we'll continue to head towards a global currency collapse and depression.
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