I am so sick of all the hype in the media.
One guy is doom and gloom claiming the world will fall into a cataclysmic depression by the end of the month. The next guy is optimistic that the Fed/Dr. Bernanke have cured all economic ills so that we are on our merry way to perpetual prosperity and bliss.
Such hype sells well but serves nobody.
The truth is our economic ills were not cured by bailouts that transferred bad debt from the private sector to the public, and we’re not likely falling into the abyss next week but will trade our way to whatever eventual economic outcome is our destiny.
That is why I liked the following post from Zero Hedge as a breath of fresh air because it succinctly points out a few economic facts that everyone needs to know and understand. The long term implications are important.
No hype – just solid facts that I think all my readers would like to know about.
As you read this article please notice your thoughts and share them in the comments below. I really want to know…