he makes a strong argument, but i think he's wrong... the key to this recovery might be a little different than past ones....instead of companies making money strictly by the masses being good consumers, companies might figure out how to make true slaves out of the masses.

the private sector (for the most part) wont be borrowing money because they will not have that ability.thier credit is shot and thier assets (houses) are underwater..BUT, the portion of the private sector that can still get credit will do so with a vengance...you have a whole new generation entering the credit system.. and even a few folks that have access to large amounts of credit and see a whole lot of opportunity out there... the bcmf says "you should get into debt up to your eyeballs right now at fixed rates for assets...play the govt game while the getting is good"

the financial sector has two trillion new dollars to spend and will...soon...if not already

the government sector will do what it always does and screw up a golden situation...eventially giving back all the recently acquired companies and entities it has bailed out....it will give those assets back to the same a-holes who designed this mess so they can do it again...and again...and again....

"first by inflation...then by deflation"