Hooked on Stimulus

On 6/30/12 the weak economic recovery we’re experiencing will be three years old. Yet, absent microscopic interest rates and huge budget deficits there would be no recovery. Simply put, we’re hooked on cheap money and big spending and aren’t yet in a self sustaining recovery (SSR). Worse, the average post WWII recovery lasts 48 months. My fear is we don’t get to an SSR before the next recession hits.

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