Take a look at this article on Bloomberg for one man's opinion as to how right you might be!
Excerpt below:
Nobel Prize-winning economist Paul Krugman said the U.S. should have a "kitchen-sink strategy" that uses all fiscal and monetary policies possible to prevent the economy from sliding back into a recession.
"We are looking at what could be a very long siege here," Krugman said in an interview today in Princeton, New Jersey, with Carol Massar of Bloomberg Television's "Street Smart." "We really are at a stage where we should have a kitchen-sink strategy. We should be throwing everything we can get at this."
At a time when European countries such as Germany are calling for austerity measures to rein in budget deficits, Krugman is calling for more stimulus to prevent a repeat in the U.S. of Japan's decade of economic malaise in the 1990s.
"The most effective things you can do, in terms of actual bang for the buck, is actually having the federal government go out and hire people," he said. "We are deep in the hole here, and you need to be unconventional to get out of it."
Thanks for this information, it is only a narrow audience, but everything helps in this market. I guess we may all be government employees soon. (HA)