End of Austerity

by Andrew Hoffman
Miles Franklin

Of all the words I never expected to be associated with finance, “austerity” is atop the list; particularly in today’s world of GLOBAL, UNFETTERED MONEY PRINTING.

Thus far, it has been associated principally with Europe; although comically, some try to term America’s budget sequestration in 2013 an “austerity” measure; when in fact, its measly $1 trillion of back-end loaded spending cuts over the next DECADE will have little, if any, impact on its ANNUAL $1+ trillion deficits – particularly as the economy is once again rolling over; amidst EXPLODING debt…

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