Watching the US Big Business government try to fix their economic flat is a lot like watching a driver sliming a car tire on the side of the road. It may or not work, depending quite a bit on the nature of the flat itself.
On Wednesday over $90 billion dollars left the value of US stocks, the largest amount in one day ever. That’s a lot of air lost through an economic puncture and lost very fast. The Federal Government is pumping slime in almost as fast as the air went out! ‘Slime’ being our collective national savings still calculated in increasingly devalued dollars.
None of this is too likely to work. If you look across that American economic tire you will see that it has been deeply slashed by a knife. I wonder who did it and why, don’t you? Beware! The people who did it may soon want you to buy them a new tire, even though the tire they made flat is actually yours!