https://pjmedia.com/richardfernandez/2009/10/06/the-track-of-the-storm/feed/PJ Media is a leading news site covering culture, politics, faith, homeland security, and more. Our reporters and columnists provide original, in-depth analysis from a variety of perspectives.en-usWed, 10 Jun 2026 07:57:53 -0400<![CDATA[Spengler from the Asia Times thinks there&#8217;s a rough road ahead. While there have been tough times before, he argues the coming days will be different.  &#8220;President Barack Obama may be remembered for permanent depression, the way that Leon Trotsky&#8217;s name is linked with permanent revolution. Fiscal stimulus combined with near-zero interest rates have proven to be a toxic cocktail for the United States, the macroeconomic equivalent of barbiturates and alcohol. &#8230; Obama inherited a crisis, to be sure, but he has made it much worse.&#8221; How? In part by taking the worst mistakes of the past and doubling down on them. One example, according to Forbes, involves the housing market.]]>Tue, 06 Oct 2009 06:57:18 -0400<![CDATA[Richard Fernandez]]>https://pjmedia.com/richard-fernandez/2009/10/06/the-track-of-the-storm-n189260