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January 10, 2011 / Jeb

Financial Crisis Continuing In 2011

Bill Gross, the PIMCO money manager, to whom it is often worth listening, cautioned this week that our nation’s leaders really don’t know where they’re going. They’re mired in the fiscal quicksands of perpetual trillion dollar deficits. I believe, as he does, that there will be more agony ahead after the present euphoria in the equity markets. Thus I say, “Caveat Emptor — Let the Buyer Beware!” Our leaders are paying scant attention to the “Buck” that is being passed on to our children who are going to be stuck with the bills. Today I don’t see anybody around to weep for our infants. As the reporter covering the burning of the Hindenburg shouted in horror, “O the humanity!”

Read the full article here…!

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