Monday, November 13, 2006

Headed For a Recession?

Yes we are thanks to Alan Greenspan's damaging policies. The question is when will it be and how bad will it be? Claus Vogt, a German bank economist lays out clear evidence for a coming recession in his article, "Soft Landing or Recession." Ben Bernanke over at the Fed is doing everything in his power to prevent the inevitable results, which will only delay the day of reckoning and make it worse. The outcome? Either rampant inflation or depression. Bernanke must "inflate or die." He may be successful, but the outcome will not change. Deep trouble for the American economy and those of us who live by it.

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