Maybe I am some crazy doom and gloomer about our economy. But I think we are in worse shape than we were in 08 and 09. We have covered up our problems for the last 3 years in the hopes that another bubble will float them away. If we would have bottomed at 12 trillion, I think we will bottom much lower now.
We are one unsuccessful bond auction away from insolvency. And the chances of this go up every day…
