Jon T.

What's Left to Spend in the 'Credibility Bank'?

America used to be so powerful that the double talk and the meaningless rhetoric of American ecomists, bankers, and govt. officials could move the global markets, regardless of the underlying reality. The fact is, this techinque is no longer working and those bully pulpit tenants look less like the steering committee of the global economy and more like a deer in the headlights. It's as if they just can not understand why their tried and true technique of obfuscation is no longer working. It's not only the content of what they are saying that is losing it's credibility. It's also the the delivery vehicle. Reality has been crowded out for too long and it is demanding a seat at the table.