Up & Down Wall Street by Alan Abelson - Barrons.com
Nagging questions also redound on the fact that this economy is in year 3 of huge deficits, notwithstanding underfunding social security.
How many of us wouldn't feel great by goosing our income and spending by 40%
And, with Greece, Portugal, etc. in mind, might we think that the ever-building credit doesn't have a downside? Sometimes one that comes surprisingly quickly?
When one listens to Obama on the State of the Union, somehow one can't help but think of the prognostications of the just-recently-left-office Greek president who entered office (in October wasn't it) expecting to keep spending even more (and borrowing more) only to find rather quickly that the markets had decided enough-was-enough?
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