Jun 14, 2010

Fred Hickey on unsustainable living standards

Dr. Bernanke has unwittingly helped create a monster, an 'Abby Normal' world economy where excessive government interventions keep market forces from clearing the imbalances. Most of the developed world countries consume too much, produce too little, retire too early and borrow too much in an attempt to sustain ultimately unsustainable standards of living. That's true in Greece, Spain and England, as well as in the United States.

~ Fred Hickey, editor, The High-Tech Strategist, June 4, 2010

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