The root cause of the problems:
1966 stock prices? Yes. Sale of the Century? No.
Larry Summers does not understand economics or basic math – he is a poster boy for Keynesian idiocy. I would recommend that he, and the entire Obama Administration Spend some Time with the Good Dr. Bartlett…
The other side of getting “credit flowing” is debt. Unfortunately, Obama is taking Summer's advice. His stimulating policies worked during the Clinton years because debt saturation had not yet been reached (if you call an 80% Nasdaq crash working). His policies of trying to smooth out and stimulate downturns IS THE ROOT CAUSE OF TODAY’S PROBLEMS. He is influenced by corporate America and Central bankers. President Obama is hopelessly surrounded by these people.
The Market Ticker - Why We're Doomed
2 hours ago