With Halloween a little more than two months away, we’ll soon be confronted with the traditional array of fiendish masks of Frankenstein, Dracula and Wolf Man.
Economically speaking, I chatted the other day with a combination of the three all wrapped into one: Florida investment adviser Michael Larson.
It was a fitting, appropriate and timely conversation, given our sputtering economy, a jobs market in the doghouse, a housing sector still under attack by termites, waning consumer confidence, signs of a global economic slowdown and an indecisive stock market, notably in China.
Needless to say, it was a frightening chat, especially so on two fronts.
One, a doomsday scenario, was a picture of what might have happened had there been no government aid, and therefore how bad things could be in the future when the funds from the bailouts, stimulus and money printing all run out. The other was an explanation of why Larson calls the U.S. “the United States of Japan.”
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