Wednesday, January 23

I'm not an economist.... But...

I'm not an economist, so that's why I wasn't able to write it as eloquently in this post as Mr. Schenk, Sr. Economist for CUNA said it in this quote:

"The Fed is essentially asking these folks with unprecedented levels of debt to bail out the economy by running out and borrowing more. This suggests--as Fed Chairman Ben Bernanke argued last week--that fiscal stimulus also may be needed."

Read the entire article here