In Market Watch from Dow Jones, Paul B. Farrell writes a brilliant piece:
17 reasons America needs a recession
Think positive, this ‘slow motion train wreck’ is good for the U.S.
Paul says a recession would affect:
1. Purge the excesses of the housing boom
2. U.S. dollar wake-up call
3. Write-offs
4. Budgeting
5. Overconfidence
6. Ratings
7. China
8. Oil
9. Inflation
10. Moral hazard
11. War costs
12. CEO pay
13. Privatization
14. Entitlements
15. Consumers
16. Regulation
17. Sacrifice
Have any of these aroused your curiosity? I hope so. I don’t want to steal any of Paul’s thunder so I urge you to go HERE and read the entire article. You’ll be glad you did.
