The 3 Horsemen of the pseudo-recovery: Balance-Sheet Recession, Malinvestment, Debt Revulsion.
"...the U.S. will discover that there is a limit to how much it can borrow and print - a point at which debt revulsion will make future borrowing cost-prohibitive. The conservative case against Obamanomics must start and end by emphasizing that we are closer to reaching this point than most people realize" [ArthurK]
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