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Moon Kil Woong is a
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It is sad watching the market become dependent on government pandering and givaways. I agree spending some on construction and better and faster tech infrastructure. A few billion.
Jan 08 11:30 am
|Rating:
+9
0
All Comments by Moon Kil Woong »Bill Gross: Buy Early What the Government Buys Later [View article]
Do we really need more police, more firemen? We are expecting a great rise in crime and fire? Sadly, I think 90% of all spending will go to unsustainable overhead which will only add to the pain as economies become less efficient than more. A million more paper shufflers does nothing to help anyone.
Maybe I'm just cynical after watching the bank bailout. Hundreds of billions have gone to them with the Fed backing just about every instrument under the sun with no outcome besides a slight move in Vix and the survival of our worst companies in America (Fannie Mae, Freddie Mac, Citibank, AIG, etc.) Can you blame me.