It’s 2012 and while economists can spot are few signs of a recovery, they can’t spot any sings of a strong recovery.
It’s one thing when economist Nouriel Roubini – a.k.a. Dr. Doom – sees trouble ahead. But not even Federal Reserve chairman Ben Bernanke is very bullish on the economy, promising to hold interest rates as close as he can to zero through 2014, to prop up the economy.
2014 will mark five of six years since the financial crisis of 2008. Despite bailouts and unprecedented intervention from the Fed, the economy is still struggling and even more addicted to artificial stimulus schemes. Perhaps we’ve blown a hole in the economy that’s too big to fill.
Click here to read my column in the Sunday Wall Street Journal.