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Here’s a passing thought for you guys. Most pundits look at this headline and try to figure out what it means for you right now and how it might affect the EU and the ECB and the IMF and the budget impasse and so on:
But the most important ramification and implication of the fact that our government can borrow money and funnel it into the banking system and stimulus and more targeted corporate tax tricks and subsidies to further boost margins for the biggest companies in our economy…look, record low borrowing costs is probably going to fuel a huge bubble. Easy as that, see?
Don’t lose sight of what matters in these headlines and data.
