Read this article. It's talks about EXACTLY what I have been saying and why the stock market is going down.
| "But American austerity is coming. Well, we're not going to get a true "austerity budget" with massive chunks of spending taken off. But we are going to get a kind of austerity, whereby the here-and-there bailouts (states, teachers, jobs programs, etc.) will be a lot less forthcoming." |
Read the article here.
This whole Contrarian paradigm takes the fun out of politics. The good guys aren't. The charismatic guys are idiots. The excesses aren't. Norman/Franko 2012!
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