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Gypsy
Member since May 2012
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Is the "Fiscal Cliff" a Threat to the Economy?

- Frank Shostak -

Frank, you write a lot and dance around the imminent collapse as if "the present fall in the growth momentum of money supply is likely to undermine the GDP rate of growth from the second half of next year." You suggest; or, as you like to put it: "We suggest" ~ throwing more money, more BAILOUTS, at the problem will solve the problem.

I note that YOU are the Chief Economist at M. F. Global. I (as in I - not we) suggest: if the general public witnesses SEVERAL of the Top Brass of M. F. Global being tried, convicted, and sent to prison (could you start with John Corzine) for many, many YEARS for fraud/theft/embezzlement ~ then CONFIDENCE will return to Market Participants and the EARNED money will come back into play.

Commented 4238 days ago

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Beginning of the headline :The US Congressional Budget Office (CBO) said on August 22, 2012, that scheduled tax increases and spending cuts in 2013 would reverse the current modest economic recovery. The CBO and other experts are of the view that large government spending cuts and tax hikes will cause severe economic slump... Read More

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