business

U.S. trade deficit jumps 17.1% to $46.6 billion

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By MARTIN CRUTSINGER

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Somewhere between what we are told is happening in the economy and what is occurring on Main Streets across America is the real and true authentic economy. It is ironic that the more the economy slows it only reinforces the idea that the Fed needs to pour even more fuel on the fire. This is exactly what many of us oppose and see as pure insanity.

This debate continues to polarized those who study the economy and play in the dangerous land of investments. Meanwhile the failure of a crash to materialize and bring markets back to reality over the months and years is causing a breaking in the ranks of those expecting "doom" to wash upon us. More on this subject in the article below.

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"This is exactly what many of us oppose and see as pure insanity."

3 QE rounds have wrapped up. So what exactly was the damage? A booming stock market? Solid growth again? More people working?

The "pure insanity" was the massive subprime fraud, the Wall Street meltdown and then the govt handing the billionaires a trillion dollars of assistance rather than arresting them. The critics were pretty quiet back then, though, weren't they.

The authorities attempting to fix this nightmare using bold measures is not my idea of "insanity." Especially now with the economy growing again.

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