From Barry Ritholtz at the Big Picture http://www.ritholtz.com/blog/, another look at how debt will shape the economy going forward. We are nowhere near out of the woods. I am beginning to recognize that not only is the stock market not a discounting mechanism that alludes to the future fundamentals of the economy, but in fact, it has become an inverse measure of economic health. As the market rises, I am more convinced that its backing is to the detriment of the public interest via printed dollars for which the public will be held accountable in ways many of us are not able to imagine.
Here's the brief article. I will be adding debt based articles to this post in the days to come.
Fubsy
http://www.ritholtz.com/blog/2009/12/pomboy-a-looming-new-credit-bust
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment