"(The) underpinnings of our economy and financial system are so precarious that the un-abating risks of collapse dwarf all other factors."
That is what I have been saying over and over and over again on these pages.......
But the Fed, to its credit, has so far prevented the US from following Europe into recession, and the stock market is hitting pre-crisis level highs.
And I feel like the boy who cried wolf (As I felt in 2007).