“… [T]he grotesque carnival of rackets and lies that the US economy has become — held together with the duct tape of stimulus cash, gamed accounting, mortgage subsidies, carry trades, TBTF bailouts, TARPS, TALFS, shell-game BLS reports, and MSNBC ‘green shoots’ cheerleading — gives every sign of tipping into collapse at a moment’s notice.”

Read more: The Economy Has Six Months to Live.

This entry was posted on Tuesday, January 26th, 2010 at 2:20 pm and is filed under Economy. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.