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Party Like it’s 1937 - Barrons, on Yahoo Finance

Posted By Chris On April 15, 2011 @ 10:52 am In Uncategorized | 1 Comment

This is a very well-written article about how the US’s new-found sense of fiscal responsibility could be coming at a terrible time. I for one have always been alarmed at our deficits (and the 75% of our spending which is essentially fixed costs), but still find this argument compelling. Helicopter Ben has always said he’s a student of the Great Depression - let’s just hope that he knows what he’s doing if he starts raising rates.

With our cavernous deficit, and the Catch-22 of reducing it, it’s hard to see how the US can have much growth over the coming decade. I hope I’m wrong. What do you think?

[1] deficit-depression-1937-barrons: Personal Finance News from Yahoo Finance

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[1] deficit-depression-1937-barrons: Personal Finance News from Yahoo Finance: http://finance.yahoo.com/banking-budgeting/article/112554/deficit-depression-193
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