Moving from R to D?

Not Republican to Democrat, but recession to depression, according to Monty Pelerin writing at the American Thinker. His reasons, outlined in  “Forget about Economic Recovery in 2011,” are an employment situation not recovering; a wobby stock market pumped by the Fed pouring in money; housing prices continuing to go down; bonds which will go down because the government has used its only tool which is to inflate; and more quantitative easing which just makes more debt to end debt. Pelerin sees a hyperinflationary depression. As a reader points out, the government provides most of the statistics we use in evaluating our situation. It’s in their interest to rose color them.

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