Nothing Can Stop the US Going Over the Fiscal Edge
By Bill Bonner
December 7th, 2012
Nothing much to report from Wall Street. Nothing much going on in Washington either. Stocks up and down. Politicians too.
Columnists are worried that the fiscal cliff will cause a US recession. Pundits tell us how to avoid it.
But they’re all missing the point. Here’s the important thing:
It’s a bust we need, not a boom.
What? Huh? What the heck are we talking about?
Here is a typical worrier, giving us reasons not to worry about the US economy: