Tidal Waves of Liquidity Since 2002 Were No Accidents

The tidal waves of progressively stronger liquidity injections since 2002 were no accidents. The warning signs presented in the present and past in plain sight for everyone to see remain largely unrecognized as the all-important 2012-2015 timeframe approaches. Money, unlike historians, does not have the luxury of retrospect analysis. What could very well prove to be one of the more economically and socially challenging periods in American history will likely unfold faster than the public will be able to process it.

Headline: Cuomo Weighs More Than 10,000 Layoffs

Gov. Andrew Cuomo is weighing plans to lay off more than 10,000 government workers, rivaling the number of pink slips handed out by his father a generation ago, according to individuals familiar with budget discussions.

While Mr. Cuomo has not settled on a figure, the governor in recent days has told lawmakers and other officials that he is looking at dismissing 10,000 to 12,000 workers, or more than 5% of the state's public work force, the individuals say.

Source: online.wsj.com

From Bob