David Einhorn on Easy Money, Hard Truths – NYTimes.com

Highly recommended:

Before this recession it appeared that absent action, the government’s long-term commitments would become a problem in a few decades. I believe the government response to the recession has created budgetary stress sufficient to bring about the crisis much sooner. Our generation — not our grandchildren’s — will have to deal with the consequences.

via www.nytimes.com

This entry was posted in Government, Market Forecasts. Bookmark the permalink.