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Wednesday, June 17, 2009

Taking Financial Inventory

Questions, Questions

Will the U.S. economy start to recover before the cost of intensive care bankrupts it?

(No, the economy isn't running "normally" yet, not with 0% interest rates -- to the banks, not consumers; continued government bailouts; and burgeoning transfer payments for things like unemployment insurance.)

Can the U.S. afford the ICU bill it's rung up to date?

And, how did the "patient" get sick -- was it poison, some organic disease, or just a case of really bad flu?

No answers . . . but at least there's a consensus about what the (very big) questions are.

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