Relevant:
- Have We Avoided Recession? - Hussman
- An Expert That Correctly Called The Last Two Stock Market Crashes Is Now Predicting Another One
- IMF on Austerity: "Nevermind" (Read: Go Ahead and Print)
- Hussman - "Baked in the Cake"
- Europe Slams Obama's Stimulus Plan; History Shows Obama's Plan is Ass Backwards; Yuan Falls Most Since December 2008
2010-06-08 — creditwritedowns.com
"For the US, it is this understanding – that stimulus has merely been used to maintain a malinvested status quo ante – that is causing people to turn to austerity in disgust. Team Obama is still talking about stimulus as if there is popular support for such measures. There would be if Hussman’s take on the bailouts weren’t correct.
Read more: http://www.creditwritedowns.com/2010/06/hussman-on-bailouts-of-poor-stewards-of-capital.html#ixzz0qH4zWhxI"
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