Danger on the Horizon

Danger on the Horizon

Election year politics can create a lot of confusion for the electorate.  When the election year encompasses distant shores such as Greece, France, and Egypt, the bewilderment can be multiplied many times over. 

Are things getting better or worse?  Do we practice austerity or do we spend our way out of trouble?  Is the new normal something that we can live with?  Do we just throw the bums out and start all over again? 

As we try to determine the effectiveness of the central bankers’ programs of quantitative easing, operation twists, value-added taxes, and half-a-dozen other programs, we are...