A Spoonful of Sugar

As I prepare for my upcoming July 18 presentation to the Fed, I try not to listen to the cable commentators. Even Bloomberg and Fox Business are unabashed cheer leaders for the stock market and the “all is well” Bernanke Rx. It has become very clear that the current treatment by Dr. B and the Congress is insufficient to get the US economic ball rolling again. No matter how hard they have pushed the economy uphill toward a positive tipping point, the economic ball has rolled back down for the past three years and quashed hopes every time – unemployment, housing, real wages, asset inflation, zombie consumers … .

Written by Michael A. Berry, Ph.D. - [ Discovery Investing Web Site ]