A finance and economics blog, modestly informed by academic research.
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Sunday, August 26, 2012
Monday, August 6, 2012
And The US Economic Outlook Is...
...hopeless. There is not much uncertainty about it. It's written as plainly on the wall as it possibly can be. And it's not a big mystery, revelation, or surprise, either. (And my post here contains no deep insights or great original thoughts.)
Meaningless slogans like "Yes, We Can" (Obama); that "our best days are ahead" (Biden) or "Renew the Promise of America" (Romney), or that we are "God's Nation on Earth," won't fix the problems. And neither will the politicians. It does not matter who will be elected President in November 2012---Obama or Romney---and they are both as good as it gets. But we can't blame them. Even if you elected me to the US Senate or House or Presidency, nothing would change.
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