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"It is metaphysically clear that if we attack the deficit, the economy will go negative," said...
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Tuesday, May 1, 2012, 7:37 AM ET"It is metaphysically clear that if we attack the deficit, the economy will go negative," said Jeff Gundlach in a talk last week. The debt ceiling debate will come in the fall, "perfectly timed to make it a centerpiece of the election," he says. Josh Brown's outstanding notes from the event. (also)
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Just gaming the numbers and making it look like "growth" by forcing inflation into the system is akin to winning at Poker by just taking out a spare deck each hand and Royal Flushing the economy straight down the toilet, winning all the way!
Please Stop a While with your alerts. Tank You.