ozzy43

A Depression and Recovery in Internet Time

I think this statement says it all:

"Indeed, the eye of the storm has passed and 2009 will be a much better year than everyone expects."

Anyone who has lived in Florida can tell you: it is after the eye passes and the 'back' side of the storm then hits that most of the serious damage is done. The author does not seem to realize just how apt his metaphor is, because he does not understand hurricanes any better than he understands economics, which is born out by making ludicrous assertions like 'over the top deficit spending' is the 'only known fix'. I suggest some reading on Austrian economics.