Seven Bad Years

I am not going to post a lot tonight. Long - good - day today and I will be going to bed soon. Yet I want to pass on this post that talks in terms of a recovery over the next year, but then the stimulus bullet is spent and we have a long, lean time ahead. This is one of my biggest fears in today's economy; throwing money at an ailing economy only to have it delivering a temporary benefit. I certainly do not see what we are doing working in the long run, so I suspect the linked article is correct. Yet I hope not. If the article is right on current stimulus not working, I think seven years to recover may be optimistic.

http://www.businessinsider.com/henry-blodget-why-were-still-screwed-2009-5

Before I go, this clip from Saturday Night Live is just sooo special.

http://www.businessinsider.com/henry-blodget-why-were-still-screwed-2009-5

Disclosures: None.