More Baby Steps For A German Economic Recovery
Contrarian Profits (September 1st, 2009) Writes:
German unemployment falls! RBA disappoints the markets… China to buy Canadian company… ISM to print positive? And Now… Today’s Pfennig! Good day… And a Terrific Tuesday to you! And Welcome to September! Well… Here’s a thought to get our engines started this morning… Bill Bonner of the Daily Reckoning ( www.dailyreckoning.com )had this to add to my ranting about our National Debt going to over $20 Trillion in the next 10 years, due to deficit spending…
“The Obama administration, for example, expects to run $9 trillion in deficits over the next 10 years – and that number is based on a recovery! Imagine what will happen if the economy doesn’t recover?”
Now, that’s a nice comforting thought to start our day right? NOT! WAKE UP! Morning has broken, and the coffee is on… If you are still of the thought that this is all going to end up seashells and
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