Shock to the System

Not really — the Fed has tapered its bond-buying program from $1,020,000,000,000 a year to $900,000,000,000. And that to a projected deficit of $744,000,000,000 and we’re still looking at nearly $1,800,000,000,000 in funny money next year.

That’s more than 10% of GDP.

I remember when America was still rich enough that the economy would grow on its own, rather than on the backs of the middle class and of small savers.