Every generation needs a new revolution.

- Thomas Jefferson

Don't Worry, Be Happy

The stock markets have had a nice little pop lately because everything is so wonderful, and yet many know that this reaction is a financially fuzzy euphoria fueled by the high that we will again turn to free money to refloat all bubbles.

The International Monetary Fund on Tuesday said the global credit crisis, despite some recent improvement, remains a significant threat to economic growth.

Despite "unprecedented intervention" by central banks such as the Federal Reserve, "financial markets remain under considerable strain, now compounded" by a slowing economy, low levels of capital at financial companies and widespread efforts to unload debt, the fund said.
[Read]

DO NOT WORRY! THE GOVERNMENTS HAVE NO PLANS IN ANY AREA OF BECOMING FISCALLY RESPONSIBLE. SPENDING AND BURDENING YOUR CHILDREN WILL CONTINUE AS A MEANS TO BUY YOUR LOYALTY.

Have a nice day.

posted at 12:39:32 on 04/08/08 by clearpolitics - Category: Economics - [Permalink]

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