A Spooked Market Needs a Real Flop - Barrons.com
In terms of 'broken economies', one can't help but think of how economies often live on bubbles.
The US had its housing bubble and Spain is now ruing its own housing bubble that was.
Greece had its too much government and too much entitlements, unions, regulations, etc. bubble. And, now look at it.
Somehow, all too many seem blissfully turning away from the sovereign debt bubble of the US (driven in part by its Greek-like policies).
To think the US economy is getting back on sound footing with the policies in place today seems beyond ludicrous. But, then again, bubbles seem best viewed in hindsight - after they've popped.
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