That Percolating Sound (Musical Tribute)

July 27, 2010
That Dripping Sound (Musical Tribute)

Ambrose Evans-Pritchard had this to say...

Yes, we have seen a large rise in most indicators from the depths of despair in early 2009. That does not tell us very much. Massive stimulus launched a V-shaped recovery despite the debt burden hanging over the economy. Perma-bears have always argued that this was built on unstable foundations, and would tip over as government stimulus fades.

We will find out over the next three or four months whether they are right.

One month down, two or three months to go.